Coforge Ltd Sees 36.78% Surge in Open Interest, Reaching 80,186 Contracts

Coforge Ltd, a mid-cap player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today, signaling heightened trading activity. The latest open interest stands at 80,186 contracts, up from the previous 58,622, marking a change of 21,564 contracts or a 36.78% increase. The trading volume for the day reached 70,090 contracts, reflecting robust market engagement.
In terms of price performance, Coforge has outperformed its sector by 0.81%, with a 1.12% gain over the last two days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Notably, the delivery volume on October 23 surged to 12.29 lakh shares, a remarkable increase of 191.94% compared to the 5-day average delivery volume, suggesting rising investor participation.

With a market capitalization of Rs 58,980.76 crore, Coforge continues to demonstrate liquidity, supporting trade sizes of Rs 3.26 crore based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest and strong trading metrics highlight the stock's active market presence today.