Surge in Open Interest Signals Increased Activity in Godrej Properties Stock

Godrej Properties Ltd, a prominent player in the construction and real estate sector, has experienced a significant increase in open interest today. The latest open interest stands at 46,895 contracts, reflecting a rise of 4,501 contracts or 10.62% from the previous open interest of 42,394. This uptick in open interest coincides with a trading volume of 37,858 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Godrej Properties has outperformed its sector by 0.39%, with the stock gaining 10.77% over the last six days. Today, it opened with a gain of 2.57%, reaching an intraday high of Rs 2,199. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages.

Additionally, the stock has shown a notable increase in delivery volume, rising by 254.85% compared to its 5-day average. With a market capitalization of Rs 65,598.07 crore, Godrej Properties continues to demonstrate robust liquidity, supporting trade sizes of Rs 6.26 crore. Overall, the surge in open interest and strong trading metrics highlight the active engagement in Godrej Properties' stock today.