HCL Technologies Sees Significant Open Interest Surge Amid Market Dynamics Shift
HCL Technologies Ltd has seen a notable rise in open interest, reaching 81,778 contracts, alongside a trading volume of 55,113 contracts, indicating increased market activity. Despite this, the stock has underperformed its sector and is currently experiencing a downward trend, with a high dividend yield and robust liquidity.
HCL Technologies Ltd, a prominent player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today. The latest open interest stands at 81,778 contracts, reflecting a rise of 8,919 contracts or 12.24% from the previous open interest of 72,859. This uptick coincides with a trading volume of 55,113 contracts, indicating heightened activity in the derivatives market.Despite this surge in open interest, HCL Technologies has underperformed its sector, with a 1D return of -1.64%, compared to the sector's return of -0.81%. The stock has been on a downward trend, losing 2.73% over the last three days. Today, it reached an intraday low of Rs 1,671.5, marking a decline of 2.14%.
In terms of moving averages, the stock is currently above its 50-day and 100-day averages but below its 5-day, 20-day, and 200-day averages. The stock also boasts a high dividend yield of 3.52% at the current price, and its liquidity remains robust, with a trade size of Rs 5.88 crore based on 2% of the 5-day average traded value.
Overall, the notable increase in open interest for HCL Technologies highlights a shift in market dynamics, even as the stock grapples with recent performance challenges.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
