Tata Chemicals Sees Surge in Open Interest Amid Increased Trading Activity
Tata Chemicals Ltd. has seen a notable rise in open interest, indicating increased trading activity. The stock's trading volume reached significant levels, with a marked increase in delivery volume. Additionally, it has outperformed its sector, reflecting a dynamic trading environment and strong market presence.
Tata Chemicals Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 23,011 contracts, up from the previous figure of 20,712, marking a change of 2,299 contracts or an 11.1% increase. The trading volume for the day reached 19,307 contracts, contributing to a futures value of approximately Rs 19,011.61 lakhs and an options value of around Rs 7,678.33 crores, bringing the total value to Rs 20,619.05 lakhs.In terms of price performance, Tata Chemicals has outperformed its sector by 2.92%, reversing a two-day decline. The stock touched an intraday high of Rs 872.15, reflecting a gain of 2.87%. Currently, the stock is trading above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. Notably, the delivery volume surged to 22.72 lakh shares, a remarkable increase of 486.86% compared to the 5-day average, indicating robust liquidity for trades sized at Rs 2.06 crore.
Overall, the notable rise in open interest and trading volume highlights a dynamic trading environment for Tata Chemicals, underscoring the stock's active market presence.
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