Surge in Open Interest Signals Increased Activity for Godrej Properties Stock

Godrej Properties Ltd, a prominent player in the construction and real estate sector, has experienced a notable increase in open interest today. The latest open interest stands at 44,196 contracts, reflecting a rise of 4,187 contracts or 10.47% from the previous open interest of 40,009. This surge in open interest comes alongside a trading volume of 50,972 contracts, indicating heightened activity in the stock.
In terms of price performance, Godrej Properties has outperformed its sector by 2.36%, marking a consecutive gain over the last two days with a total return of 4.72% during this period. The stock reached an intraday high of Rs 2,232.9, representing a 3.3% increase. Additionally, the stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Investor participation has also seen a rise, with a delivery volume of 788,000 shares on April 30, up by 52.61% compared to the 5-day average. The liquidity of the stock remains robust, accommodating trade sizes of Rs 1.93 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and strong trading metrics highlight a significant moment for Godrej Properties in the current market landscape.