Uno Minda Ltd Sees Significant Open Interest Surge Amid Increased Trading Activity
Uno Minda Ltd has seen a notable rise in open interest, reaching 3,592 contracts, alongside a trading volume of 6,987 contracts. The stock has outperformed its sector and has gained for four consecutive days, reflecting strong market activity and robust liquidity with a market capitalization of Rs 62,015.44 crore.
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 3,592 contracts, reflecting a rise of 507 contracts or 16.43% from the previous open interest of 3,085. This surge in open interest coincides with a trading volume of 6,987 contracts, indicating heightened activity in the stock.In terms of performance, Uno Minda has outperformed its sector by 0.96%, marking a notable achievement. The stock has been on a positive trajectory, gaining for four consecutive days and delivering a total return of 7.02% during this period. Today, it reached an intraday high of Rs 1,091.6, representing a 3.49% increase.
Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The delivery volume has also seen a substantial rise, with an increase of 126.1% compared to the 5-day average. With a market capitalization of Rs 62,015.44 crore, Uno Minda continues to demonstrate robust liquidity, making it a notable entity in the market. Overall, the increase in open interest and positive performance metrics highlight the stock's current market dynamics.
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