Godrej Properties Sees 11.43% Surge in Open Interest to 58,673 Contracts

Godrej Properties Ltd, a prominent player in the realty sector, has experienced a significant increase in open interest today. The latest open interest stands at 58,673 contracts, reflecting a rise of 6,019 contracts or 11.43% from the previous open interest of 52,654. This uptick comes alongside a trading volume of 41,544 contracts, indicating active participation in the futures market.
In terms of financial metrics, Godrej Properties has a market capitalization of Rs 69,051.55 crore, categorizing it as a mid-cap stock. The underlying value is reported at Rs 2,293, while the total futures value is approximately Rs 88,704.19 lakh. The options value is notably high at Rs 17,532.37 crore, contributing to a total value of Rs 90,407.83 lakh.

Despite this surge in open interest, the stock has underperformed its sector by 0.43% today, with a slight decline of 0.01% over the last day. Godrej Properties is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the longer term. However, delivery volume has seen a significant drop of 80.43% compared to the 5-day average, suggesting a decrease in investor participation. Overall, the notable increase in open interest highlights a shift in market dynamics for Godrej Properties.