TVS Motor Company Sees Surge in Open Interest Amid Strong Market Activity
TVS Motor Company Ltd has seen a notable rise in open interest, reaching 33,679 contracts, alongside a trading volume of 63,422 contracts. The stock achieved a new all-time high of Rs 2,968, reflecting strong performance and consistent gains, while outperforming its sector and maintaining solid 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 33,679 contracts, reflecting a rise of 4,456 contracts or 15.25% from the previous open interest of 29,223. The trading volume for the day reached 63,422 contracts, indicating robust activity in the derivatives market.In terms of price performance, TVS Motor Company hit a new 52-week and all-time high of Rs 2,968, marking a 3.84% increase during the trading session. The stock has shown consistent gains over the past three days, accumulating a total return of 5.17%. Notably, it has outperformed its sector by 0.55% today, with a one-day return of 2.77%, compared to the sector's return of 2.23% and the Sensex's return of 0.41%.
The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the automobile sector, particularly two and three-wheelers, has gained 2.3%. With a market capitalization of Rs 1,39,702 crore, TVS Motor Company continues to demonstrate solid liquidity, making it a notable entity in the market.
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