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 45,268 contracts, alongside a trading volume of 65,138. The stock achieved a new all-time high of Rs. 3,251.8, reflecting strong market activity and consistent upward momentum in the automobile sector.
TVS Motor Company Ltd, a prominent player in the automobiles sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 45,268 contracts, reflecting a rise of 6,631 contracts or 17.16% from the previous OI of 38,637. This uptick in OI coincides with a trading volume of 65,138, indicating heightened activity in the stock.In terms of price performance, TVS Motor Company reached a new 52-week and all-time high of Rs. 3,251.8 today, marking a notable intraday gain of 7.66%. The stock has shown consistent upward momentum, gaining 9.63% over the past three days and outperforming its sector by 2.18%. Additionally, the stock opened with a gain of 4.49% today, further demonstrating its strong market position.
The automobile sector, particularly the two and three-wheelers segment, has also seen a rise of 5.11%. With a market capitalization of Rs. 1,52,040 crore, TVS Motor Company continues to maintain a robust trading position, supported by liquidity that accommodates trades of Rs. 5.55 crore based on recent averages. Overall, the increase in open interest and strong price performance underscores the stock's active engagement in the market.
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