TVS Motor Company Sees Significant Surge in Open Interest Amidst Market Activity
TVS Motor Company Ltd has seen a notable rise in open interest, reaching 46,710, alongside a trading volume of 24,423. The stock has outperformed its sector slightly, despite a minor decline in price. Additionally, delivery volume has decreased, indicating a change in investor participation.
TVS Motor Company Ltd, a prominent player in the Automobile Two & Three Wheelers industry, has experienced a significant increase in open interest today. The latest open interest stands at 46,710, marking a rise of 6,365 from the previous open interest of 40,345, which translates to a percentage change of 15.78%. The trading volume for the day reached 24,423, contributing to a total futures value of approximately Rs 109,566.63 lakhs and an options value of Rs 9,903.09 lakhs, culminating in a total value of Rs 110,317.55 lakhs.In terms of price performance, TVS Motor Company has outperformed its sector by 0.35%, despite a slight decline of 0.24% over the last day. The stock is currently positioned above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, the delivery volume has decreased by 23.15% compared to the 5-day average, indicating a decline in investor participation.
Overall, the notable increase in open interest reflects a shift in market dynamics for TVS Motor Company, highlighting the stock's current trading activity without delving into future implications.
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