Tata Technologies Sees Significant Open Interest Surge Amid Increased Trading Activity

Tata Technologies Ltd (TATATECH), a prominent player in the IT software industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 13,789 contracts, marking a rise of 1,499 contracts or 12.2% from the previous open interest of 12,290. This surge coincides with a trading volume of 6,071 contracts, indicating robust market engagement.
In terms of financial metrics, Tata Technologies has outperformed its sector by 1.72% today, with a stock return of 0.20%. The underlying value of the stock is reported at Rs 686, while the total futures value is approximately Rs 12,822.72 lakhs. The options value is notably high at Rs 1,665,293,441, contributing to a total trading value of Rs 13,258.89 lakhs.

The stock is currently trading above its 20-day moving averages but below its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, delivery volume has seen a notable increase, rising by 18.86% against the 5-day average, with a delivery volume of 134,400 shares on March 27. The liquidity of Tata Technologies remains favorable, accommodating trade sizes of Rs 4.85 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a dynamic trading environment for Tata Technologies.