Uno Minda Ltd Sees Surge in Open Interest Amid Increased Trading Activity
Uno Minda Ltd has seen a notable rise in open interest, reflecting increased trading activity, with current figures at 3,535 contracts. The stock has outperformed its sector, gaining 3.01% today and showing a strong upward trend over the past four days, supported by robust market engagement and liquidity.
Uno Minda Ltd, a prominent player in the Auto Components & Equipments industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 3,535 contracts, up from the previous 3,085, marking a change of 450 contracts or a 14.59% increase. The trading volume for the day reached 5,698 contracts, indicating robust market engagement.In terms of performance, Uno Minda has outperformed its sector by 1.63%, with the stock gaining 3.01% on the day. Over the past four days, the stock has shown a notable upward trend, accumulating a total return of 7.98%. The stock reached an intraday high of Rs 1,091.6, reflecting a 3.49% increase.
Additionally, Uno Minda is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend. The delivery volume on June 4 surged by 126.1% compared to the 5-day average, indicating rising investor participation. With a market capitalization of Rs 62,382.90 crore, Uno Minda continues to demonstrate solid liquidity, supporting trade sizes of Rs 2.01 crore. Overall, the increase in open interest and positive performance metrics highlight the stock's active trading environment.
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