Coforge Ltd Sees Significant Open Interest Surge Amid Increased Trading Activity
Coforge Ltd has seen a notable increase in open interest, reaching 48,529 contracts, alongside a trading volume of 34,140 contracts. The stock is near its 52-week high and has outperformed its sector, demonstrating strong liquidity and positive price momentum in the market.
Coforge Ltd, a prominent player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today. The latest open interest stands at 48,529 contracts, reflecting a rise of 5,043 contracts or 11.6% from the previous open interest of 43,486. This uptick in open interest coincides with a trading volume of 34,140 contracts, indicating heightened activity in the stock.In terms of price performance, Coforge is currently trading close to its 52-week high, just 4.34% away from Rs 2,005.36. The stock has shown resilience, outperforming its sector by 1.46% and achieving a 1.80% return on the day. Over the past four days, Coforge has gained 4.97%, with an intraday high of Rs 1,955, marking a 3.55% increase.
Coforge's liquidity remains robust, with a delivery volume of 14.5 lakh shares on June 26, which is up 158.23% compared to the five-day average. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong market position. Overall, the notable rise in open interest and positive price performance underscores the stock's current momentum in the market.
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