Godrej Properties Sees 22.95% Surge in Open Interest to 65,209 Contracts

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 65,209 contracts, marking a notable rise of 12,174 contracts or 22.95% from the previous OI of 53,035. This surge in OI is accompanied by a trading volume of 35,283 contracts, reflecting active market engagement.
In terms of financial metrics, Godrej Properties is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to these benchmarks. The stock's performance today aligns closely with the sector, showing a 1D return of 0.08%, while the sector itself has returned 0.13%. In contrast, the broader Sensex has seen a decline of 0.61%.

Despite a decrease in delivery volume, which fell by 24.47% against the 5-day average, Godrej Properties maintains a market capitalization of Rs 68,693.12 crore, categorizing it as a mid-cap stock. The liquidity remains robust, with the stock liquid enough for a trade size of Rs 3.92 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Godrej Properties.