Godrej Properties Sees Significant Open Interest Surge Amid Active Market Participation

Godrej Properties Ltd, a prominent player in the Construction - Real Estate sector, has experienced a significant increase in open interest today. The latest open interest stands at 53,057 contracts, reflecting a rise of 4,961 contracts or 10.31% from the previous open interest of 48,096. This uptick coincides with a trading volume of 34,951 contracts, indicating active participation in the market.
In terms of price performance, Godrej Properties has shown resilience, gaining 4.84% over the last two days. The stock reached an intraday high of Rs 2,089.8, marking a 2.21% increase for the day. Currently, the stock is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Despite a notable decline in delivery volume, which fell by 49.04% compared to the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 3.82 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Godrej Properties, reflecting ongoing activity in the stock.