Titagarh Rail Systems Sees Surge in Open Interest Amid Increased Trading Activity
Titagarh Rail Systems Ltd has seen a notable rise in open interest, reaching 14,638 contracts, alongside a trading volume of 61,947 contracts. The stock outperformed its sector, hitting an intraday high of Rs 802. The railways sector overall has also experienced gains, indicating increased market activity.
Titagarh Rail Systems Ltd, a mid-cap player in the railways sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 14,638 contracts, up from the previous 12,844 contracts, marking a change of 1,794 contracts or a 13.97% increase. The trading volume for the day reached 61,947 contracts, indicating robust market engagement.In terms of price performance, Titagarh Rail Systems outperformed its sector by 0.95%, with the stock hitting an intraday high of Rs 802, representing a gain of 7.98%. The weighted average price suggests that more volume was traded closer to the lower end of the price range. While the stock is currently above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages.
The railways sector overall has seen a gain of 4.89%, contributing to a favorable trading environment. Notably, the delivery volume on March 20 surged to 746,000 shares, a substantial increase of 78.72% compared to the 5-day average. With a market capitalization of Rs 10,584.01 crore, Titagarh Rail Systems continues to demonstrate liquidity sufficient for trades around Rs 3.12 crore. Overall, the increase in open interest and trading volume highlights a notable shift in market dynamics for the company.
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