Surge in Open Interest Signals Increased Trading Activity for Birlasoft Ltd
Birlasoft Ltd has seen a notable rise in open interest, reaching 16,730 contracts, alongside a trading volume of 16,750 contracts. The stock hit an intraday high of Rs 452, reflecting strong market activity and significant increases in delivery volume, indicating a dynamic trading environment.
Birlasoft Ltd, a mid-cap player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today. The latest open interest stands at 16,730 contracts, reflecting a rise of 2,876 contracts or 20.76% from the previous open interest of 13,854. This surge coincides with a trading volume of 16,750 contracts, indicating heightened activity in the stock.In terms of price performance, Birlasoft reached an intraday high of Rs 452, marking a gain of 2.22% for the day. The stock's performance aligns with sector trends, as it has outperformed the 1D returns of both the sector and the Sensex, which recorded returns of 0.23%. Notably, Birlasoft's delivery volume has also seen a substantial increase, rising by 80.97% against the 5-day average delivery volume, with a total delivery volume of 16.68 lakh shares.
The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. With a market capitalization of Rs 12,338.37 crore, Birlasoft continues to demonstrate robust liquidity, supporting a trade size of Rs 3.02 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and trading activity underscores a dynamic trading environment for Birlasoft.
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