Coforge Ltd Sees 24.3% Surge in Open Interest, Reaching 72,868 Contracts
Coforge Ltd has seen a notable rise in open interest, reaching 72,868 contracts, alongside a trading volume of 46,737 contracts. The stock has outperformed its sector and is trading above multiple moving averages, with a significant increase in delivery volume, indicating heightened investor activity and participation.
Coforge Ltd, a mid-cap player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today. The latest open interest stands at 72,868 contracts, reflecting a notable rise of 14,246 contracts or 24.3% from the previous open interest of 58,622. This surge in open interest comes alongside a trading volume of 46,737 contracts, indicating heightened activity in the stock.In terms of performance, Coforge has outperformed its sector by 0.58% today, marking a 1.45% gain over the past two days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the delivery volume reached 12.29 lakh shares on October 23, representing a remarkable increase of 191.94% compared to the 5-day average delivery volume, highlighting rising investor participation.
Coforge's market capitalization is approximately Rs 59,431 crore, positioning it firmly within the mid-cap segment. Overall, the increase in open interest and robust trading metrics underscore a dynamic trading environment for Coforge, reflecting its current market standing.
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