Godrej Properties Sees 26.25% Surge in Open Interest, Reaching 66,958 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 66,958 contracts, marking a notable rise from the previous open interest of 53,035 contracts. This change of 13,923 contracts represents a 26.25% increase, indicating heightened activity in the derivatives market. The trading volume for the stock reached 42,555 contracts, contributing to a futures value of approximately Rs 142,805.28 lakhs.
In terms of price performance, Godrej Properties is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a stable position relative to these key indicators. The stock has shown a minimal return of 0.05% today, aligning closely with the sector's performance, which reported no change. However, it is noteworthy that the delivery volume has decreased by 24.47% compared to the 5-day average, suggesting a decline in investor participation.

Overall, the increase in open interest coupled with the current trading metrics highlights a dynamic trading environment for Godrej Properties, underscoring the stock's active engagement in the market.