Godrej Properties Sees 10.11% Surge in Open Interest, Reaching 58,398 Contracts

Godrej Properties Ltd, a prominent player in the realty sector, has experienced a significant increase in open interest today, signaling heightened activity in its futures market. The latest open interest stands at 58,398 contracts, reflecting a rise of 5,363 contracts or 10.11% from the previous open interest of 53,035. This uptick coincides with a trading volume of 18,514 contracts, indicating robust engagement among market participants.
In terms of financial performance, Godrej Properties has outperformed its sector by 0.33% today, with a 1-day return of 0.50%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement. However, it is noteworthy that the delivery volume has decreased by 24.47% compared to the 5-day average, with a total delivery volume of 3.43 lakh shares recorded on October 23.

With a market capitalization of Rs 68,979.26 crore, Godrej Properties continues to maintain a liquid trading environment, suitable for transactions up to Rs 3.92 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's performance metrics highlight a dynamic trading landscape for Godrej Properties.