Uno Minda Ltd Sees 14.58% Surge in Open Interest Amid Increased Trading Activity

Uno Minda Ltd, a prominent player in the Auto Components & Equipments industry, has experienced a significant increase in open interest today. The latest open interest stands at 7,794 contracts, reflecting a rise of 992 contracts or 14.58% from the previous open interest of 6,802. This uptick coincides with a trading volume of 4,215 contracts, indicating heightened activity in the derivatives market.
In terms of market performance, Uno Minda is currently trading close to its 52-week high, just 2.34% away from Rs 1,348.3. The stock has shown resilience, outperforming its sector by 0.78% today, and has recorded a consecutive gain over the last three days, accumulating a total return of 3.83% during this period. Notably, Uno Minda is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock has seen a notable increase in delivery volume, which reached 794,000 shares on September 30, marking a 90.56% rise compared to the 5-day average. With a market capitalization of Rs 75,910.23 crore, Uno Minda continues to demonstrate solid liquidity, supporting trade sizes of Rs 2.17 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and positive performance metrics highlight a dynamic trading environment for Uno Minda Ltd.