TVS Motor Company Sees Significant Surge in Open Interest Amid Active Market Participation

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 41,480 contracts, reflecting a rise of 6,978 contracts or 20.22% from the previous open interest of 34,502. This surge coincides with a trading volume of 60,260 contracts, indicating active participation in the market.
In terms of price performance, TVS Motor Company has shown resilience, gaining 0.86% over the past two days. The stock reached an intraday high of Rs 2,809, marking a 2.33% increase during the session. Notably, the stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average.

Despite a slight decline in delivery volume, which fell by 3.97% against the 5-day average, the stock maintains a liquidity level sufficient for trades up to Rs 4.13 crore, based on 2% of the 5-day average traded value. With a market capitalization of Rs 1,31,789.17 crore, TVS Motor Company continues to solidify its position in the large-cap segment of the market. Overall, the notable increase in open interest highlights a dynamic trading environment for the stock.