TVS Motor Company Sees Significant Surge in Open Interest Amid Active Market Participation
TVS Motor Company Ltd has seen a notable rise in open interest, reaching 48,512 contracts, alongside a trading volume of 36,453 contracts. The stock is currently trading close to its 52-week high and has shown strong performance, consistently exceeding its moving averages and demonstrating robust liquidity.
TVS Motor Company Ltd, a prominent player in the automobiles sector, has experienced a significant increase in open interest today. The latest open interest stands at 48,512 contracts, reflecting a rise of 6,255 contracts or 14.8% from the previous open interest of 42,257. This surge in open interest comes alongside a trading volume of 36,453 contracts, indicating active participation in the market.In terms of price performance, TVS Motor Company is currently trading just 2.35% away from its 52-week high of Rs 2,958. The stock has shown resilience, outperforming its sector by 1.5% today, with a one-day return of 1.88%. Over the past two days, the stock has gained 4.01%, demonstrating a consistent upward trend. Notably, TVS Motor Company is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong market position.
The liquidity of the stock remains robust, with a delivery volume of 753,000 shares on June 24, marking a 105.88% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 1,36,153 crore, TVS Motor Company continues to solidify its standing in the large-cap segment of the market.
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