Godrej Properties Sees 17.43% Surge in Open Interest to 62,277 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 62,277 contracts, up from the previous figure of 53,035, marking a change of 9,242 contracts or a 17.43% increase. This surge coincides with a trading volume of 28,423 contracts, reflecting robust market engagement.
In terms of performance, Godrej Properties has outperformed its sector by 0.58%, with a one-day return of 0.95%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price trajectory. However, it is noteworthy that delivery volume has decreased by 24.47% compared to the 5-day average, suggesting a decline in investor participation.

With a market capitalization of Rs 69,292.52 crore, Godrej Properties remains a mid-cap entity within the real estate industry. The total futures and options value is reported at Rs 94,136.89 lakhs, with an underlying value of Rs 2,307. Overall, the notable increase in open interest highlights a dynamic trading environment for Godrej Properties, reflecting current market conditions without indicating future movements.