Coforge Ltd Sees Significant Surge in Open Interest Amidst Active Trading Environment
Coforge Ltd has seen a significant rise in open interest, reaching 58,880, alongside a trading volume of 80,846 shares today. Despite underperforming its sector, the stock has gained over the past four days and is trading above several moving averages, indicating active market engagement.
Coforge Ltd, a mid-cap player in the Computers - Software & Consulting industry, has experienced a notable increase in open interest today. The latest open interest stands at 58,880, reflecting a rise of 6,329 from the previous open interest of 52,551, marking a percentage change of 12.04%. The trading volume for the day reached 80,846, indicating robust activity in the stock.In terms of price performance, Coforge has underperformed its sector by 1.22%, despite gaining 7.32% over the last four consecutive days. The stock reached an intraday high of Rs 1,797.5, representing a 2.85% increase during the session. Currently, the stock is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, although it remains below the 50-day moving average.
The IT - Software sector has shown a gain of 2.66% today, while Coforge's delivery volume has surged to 14.14 lakh shares, up 80.52% compared to the 5-day average. With a market capitalization of Rs 59,875 crore, Coforge continues to demonstrate significant liquidity, supporting a trade size of Rs 6.09 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for Coforge.
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