TCS, M&M among 5 stocks with long buildup
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What is long buildup?
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Monday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
2/6
Siemens
OI change on May 6: 3.34%Change in stock price: 1.81%
3/6
M&M
OI change on May 6: 2.0%Change in stock price: 1.27%
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4/6
ABB India
OI change on May 6: 1.37%Change in stock price: 3.33%
5/6
Mphasis
OI change on May 6: 0.59%
Change in stock price: 1.68%
Change in stock price: 1.68%
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TCS
OI change on May 6: 0.4%
Change in stock price: 1.65%
Change in stock price: 1.65%