Uno Minda Ltd Sees 17.81% 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, reflecting heightened trading activity. The latest open interest stands at 11,485 contracts, marking a rise of 1,736 contracts or 17.81% from the previous open interest of 9,749. The trading volume for the day reached 11,876 contracts, contributing to a total futures value of approximately Rs 24,165.98 lakhs.
In terms of price performance, Uno Minda has outperformed its sector by 0.69%, with the stock gaining for six consecutive days and achieving a total return of 4.64% during this period. The stock reached an intraday high of Rs 1,268.80, reflecting a 2.72% increase. The weighted average price indicates that more volume was traded closer to the low price, while the stock remains above its 5-day, 20-day, 100-day, and 200-day moving averages, although it is below the 50-day moving average.

Additionally, the delivery volume on October 31 was recorded at 5.45 lakhs, a notable increase of 144.57% compared to the 5-day average delivery volume, indicating rising investor participation. With a market capitalization of Rs 71,851.32 crore, Uno Minda continues to demonstrate robust liquidity, suitable for trades around Rs 1.44 crore. Overall, the increase in open interest and trading metrics underscores a dynamic trading environment for Uno Minda Ltd.