Coforge Ltd Sees Surge in Open Interest Amid Strong Market Activity
Coforge Ltd has seen a notable rise in open interest, reaching 60,563 contracts, up from 48,726. The trading volume for the day was robust at 117,226 contracts. The stock has outperformed its sector and is trading above multiple moving averages, indicating a strong upward trend.
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 60,563 contracts, marking a notable rise from the previous open interest of 48,726 contracts. This change of 11,837 contracts represents a percentage increase of 24.29%. The trading volume for the day reached 117,226 contracts, indicating robust activity in the market.In terms of price performance, Coforge has outperformed its sector by 2.16%, with a stock price that has gained 9.19% over the last five days. Today, the stock touched an intraday high of Rs 1,895, reflecting a 5.63% 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 stock's liquidity remains favorable, with a delivery volume of 8.53 lakh shares on June 9, which is 41.89% higher than the 5-day average delivery volume. Overall, the increase in open interest alongside positive price movements highlights a dynamic trading environment for Coforge Ltd.
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