Godrej Properties Sees 14.76% 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 today, signaling heightened activity in its derivatives market. The latest open interest stands at 62,847 contracts, up from the previous figure of 54,762, marking a change of 8,085 contracts or a 14.76% increase. The trading volume for the day reached 42,512 contracts, contributing to a total futures value of approximately Rs 86,537.81 lakhs.
Despite this surge in open interest, Godrej Properties has faced challenges in its stock performance. The stock is currently trading close to its 52-week low, just 4.21% above the low of Rs 1,900. It has underperformed its sector by 0.87% and has seen a consecutive decline over the past two days, with a total drop of 5.71%. The stock touched an intraday low of Rs 1,970.2, reflecting a decrease of 2.42% during the trading session.

In terms of liquidity, Godrej Properties remains accessible for trading, with a delivery volume of 2.94 lakh shares on September 24, which is 10.64% higher than its five-day average. Overall, the increase in open interest amidst a challenging price environment highlights the dynamic nature of trading in Godrej Properties.