Birlasoft Sees Surge in Open Interest Amid Increased Trading Activity
Birlasoft Ltd has seen a notable rise in open interest, indicating increased trading activity, with current figures at 22,831 contracts. The stock is trading near its 52-week low and has experienced a significant increase in delivery volume, reflecting heightened market engagement and liquidity.
Birlasoft Ltd, a mid-cap 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 22,831 contracts, up from the previous 20,051, marking a change of 2,780 contracts or a 13.86% increase. The trading volume for the day reached 15,197 contracts, indicating robust market engagement.In terms of price performance, Birlasoft is currently trading close to its 52-week low, just 1.04% away from Rs 384.55. The stock touched an intraday low of Rs 385.45, representing a decline of 2.64% for the day. Notably, Birlasoft is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.
Additionally, the stock has seen a rise in delivery volume, with 14.89 lakh shares delivered on March 27, reflecting a 37.64% increase compared to the 5-day average. With a market capitalization of Rs 11,019 crore, Birlasoft remains a liquid option for trades sized around Rs 2.23 crore, based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest highlights increased trading dynamics in Birlasoft's stock today.
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