Coforge Ltd Sees 13.96% Surge in Open Interest, Reaching 76,025 Contracts

Coforge Ltd, a mid-cap player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 76,025 contracts, up from the previous 66,711, marking a change of 9,314 contracts or a 13.96% increase. This surge coincides with a trading volume of 129,125 contracts, indicating robust market engagement.
In terms of price performance, Coforge has outperformed its sector by 3.29%, with the stock gaining for three consecutive days and achieving a total return of 4.73% during this period. Today, the stock opened with a notable gain of 5.11%, reaching an intraday high of Rs 1,866.6, which represents a 6.06% increase. Additionally, Coforge is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The delivery volume on October 24 reached 9.34 lakh shares, reflecting a 120.31% increase compared to the 5-day average. With a market capitalization of Rs 58,907 crore, Coforge continues to demonstrate liquidity suitable for trades around Rs 3.97 crore. Overall, the notable rise in open interest and positive price movements underscore the stock's active trading environment.