TVS Motor Company Sees 36.49% Surge in Open Interest Amid Increased Trading Activity

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 54,186 contracts, marking a notable rise of 14,486 contracts or 36.49% from the previous open interest of 39,700. This surge in open interest coincides with a trading volume of 86,397 contracts, indicating heightened activity in the derivatives market.
In terms of market performance, TVS Motor Company has underperformed its sector by 0.9%, with a 1D return of -1.34%. The stock has faced consecutive declines over the past two days, resulting in a total drop of 3.38% during this period. Despite these challenges, the stock's weighted average price suggests that more volume was traded closer to its low price.

Additionally, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day and 20-day moving averages. Notably, delivery volume on October 28 reached 632,000 shares, reflecting a substantial increase of 127.03% compared to the 5-day average. With a market capitalization of Rs 1,66,964.62 crore, TVS Motor Company continues to maintain a liquid trading environment, suitable for transactions of Rs 4.66 crore. Overall, the increase in open interest highlights a shift in market dynamics for TVS Motor Company, warranting attention from market participants.