Uno Minda Ltd Sees Significant Surge in Open Interest Amid Increased Market 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 10,224 contracts, reflecting a notable rise of 2,147 contracts or 26.58% from the previous open interest of 8,077. This surge in open interest coincides with a trading volume of 20,167 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Uno Minda has outperformed its sector by 3.02%, marking a consecutive gain over the last four days with a total return of 7.14% during this period. The stock reached an intraday low of Rs 1,081, representing a decline of 2% at its lowest point today. Notably, Uno Minda is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

Additionally, the stock has shown rising investor participation, with a delivery volume of 926,000 shares on August 5, reflecting a remarkable increase of 461.5% compared to the 5-day average delivery volume. With a market capitalization of Rs 62,729 crore, Uno Minda continues to demonstrate robust liquidity, supporting trade sizes of up to Rs 1.78 crore. Overall, the increase in open interest and strong performance metrics highlight the stock's active engagement in the market.