TVS Motor Company Sees Surge in Open Interest Amid Active Trading Dynamics
TVS Motor Company Ltd has seen a notable rise in open interest, reaching 38,684, alongside a trading volume of 17,212. The company has outperformed its sector and maintained a strong upward trend, although delivery volume has significantly decreased compared to the recent average.
TVS Motor Company Ltd, a prominent player in the Automobile Two & Three Wheelers industry, has experienced a significant increase in open interest today. The latest open interest stands at 38,684, reflecting a rise of 4,066 from the previous open interest of 34,618, marking an 11.75% change. The trading volume for the day reached 17,212, contributing to a total futures value of approximately Rs 70,842.37 lakhs and an options value of around Rs 9,485.66 lakhs, bringing the total value to Rs 71,803.79 lakhs.In terms of performance, TVS Motor Company has outperformed its sector by 0.96%, continuing a streak of gains over the past eight days, with a total return of 15.7% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is noteworthy that delivery volume has decreased significantly, falling by 57.15% compared to the 5-day average.
In summary, the notable increase in open interest for TVS Motor Company highlights active trading dynamics, while the stock's recent performance metrics suggest a robust position within the market.
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