TCS Sees Surge in Open Interest Amidst Declining Stock Price and Market Pressure

Apr 03 2025 03:00 PM IST
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Tata Consultancy Services Ltd. (TCS) has seen a significant rise in open interest, reaching 187,688 contracts, alongside a trading volume of 159,220 contracts. Despite hitting a new 52-week low and facing pressure in the IT sector, TCS maintains a high dividend yield of 3.5%.
Tata Consultancy Services Ltd. (TCS), a prominent player in the IT software industry, has experienced a significant increase in open interest today. The latest open interest stands at 187,688 contracts, reflecting a notable rise of 27,902 contracts or 17.46% from the previous open interest of 159,786. The trading volume for the day reached 159,220 contracts, indicating robust activity in the derivatives market.

In terms of price performance, TCS hit a new 52-week low of Rs. 3,396.15, marking a decline of 4.17% during intraday trading. The stock has been on a downward trajectory, having lost 6.27% over the past four days. Currently, TCS is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging market environment.

The IT software sector has also faced pressure, with a decline of 3.31% today. Additionally, delivery volume has decreased by 21.54% compared to the 5-day average, indicating a drop in investor participation. Despite these challenges, TCS maintains a high dividend yield of 3.5% at the current price. Overall, the increase in open interest amidst a declining stock price highlights the evolving dynamics within TCS and the broader market context.
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