Godrej Properties Sees 11.85% Surge in Open Interest Amid Increased Trading Activity

Godrej Properties Ltd, a prominent player in the realty sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 58,124, marking a rise of 6,159 from the previous OI of 51,965, which translates to an 11.85% change. The trading volume for the day reached 53,869, contributing to a futures value of approximately Rs 1,04,425.41 lakhs and an options value of Rs 24,201.98 lakhs, bringing the total to Rs 1,07,230.26 lakhs. The underlying value of the stock is noted at Rs 2,329.
In terms of performance, Godrej Properties has outperformed its sector by 0.36%, with a consecutive gain over the last two days, yielding a total return of 2.11%. The stock hit an intraday high of Rs 2,352, reflecting a 2.81% increase. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is worth noting that delivery volume has decreased by 53.44% compared to the 5-day average, indicating a decline in investor participation.

In summary, the notable rise in open interest for Godrej Properties highlights active trading dynamics, while the stock's performance metrics reflect its current market standing within the realty sector.