Uno Minda Ltd Sees Significant Open Interest Surge Amid Increased Trading Activity

Uno Minda Ltd, a prominent player in the Auto Components & Equipments sector, has experienced a significant increase in open interest today. The latest open interest stands at 3,531 contracts, reflecting a rise of 446 contracts or 14.46% from the previous open interest of 3,085. This uptick coincides with a trading volume of 5,936 contracts, indicating heightened activity in the stock. In terms of performance, Uno Minda has outperformed its sector by 1.6%, marking a notable achievement as the stock has gained for four consecutive days, accumulating a total return of 7.98% during this period. The stock reached an intraday high of Rs 1,091.6, representing a 3.49% increase for the day. Additionally, Uno Minda is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The delivery volume on June 4 was recorded at 832,000 shares, a substantial increase of 126.1% compared to the 5-day average delivery volume, highlighting rising investor participation. With a market capitalization of Rs 62,061.37 crore, Uno Minda continues to demonstrate robust liquidity, supporting trade sizes of Rs 2.01 crore based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest and positive performance metrics underscores the stock's current market dynamics.