Coforge Ltd Sees Surge in Open Interest Amidst Declining Stock Performance

Sep 23 2025 03:00 PM IST
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Coforge Ltd has seen a significant rise in open interest, reaching 62,390 contracts, alongside increased trading volume in the derivatives market. Despite this uptick, the stock has faced consecutive losses and is trading below key moving averages, indicating a challenging short-term trend. Delivery volume has notably increased as well.
Coforge Ltd, a mid-cap player in the Computers - Software & Consulting industry, has experienced a notable increase in open interest (OI) today. The latest OI stands at 62,390 contracts, reflecting a rise of 6,090 contracts or 10.82% from the previous OI of 56,300. This uptick comes alongside a trading volume of 52,550 contracts, indicating heightened activity in the derivatives market.

Despite this surge in OI, Coforge's stock has underperformed its sector, declining by 2.56% today. Over the past three days, the stock has faced consecutive losses, totaling an 8.64% drop. The stock reached an intraday low of Rs 1,662.20, marking a decrease of 3.19%. Additionally, Coforge is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging short-term trend.

Interestingly, there has been a significant rise in delivery volume, which increased by 127.01% compared to the 5-day average, indicating a shift in trading dynamics. With a market capitalization of Rs 56,386 crore, Coforge remains a key player in its sector, despite the recent price challenges. The increase in open interest highlights a shift in market engagement, underscoring the evolving landscape for the stock.
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