Uno Minda Ltd Sees Significant Open Interest Surge Amidst Increased Derivatives 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 7,580 contracts, marking a rise of 991 contracts or 15.04% from the previous open interest of 6,589. This uptick in open interest coincides with a trading volume of 4,130 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Uno Minda has outperformed its sector by 0.53%, recovering from two consecutive days of decline. The stock reached an intraday high of Rs 1,076, reflecting a gain of 2.27%. Notably, Uno Minda is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price trajectory.

Despite a decline in delivery volume, which fell by 60.22% compared to the 5-day average, the stock remains liquid enough for a trade size of Rs 1.44 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's performance metrics highlight a notable shift in market dynamics for Uno Minda Ltd.