HCL Technologies Sees 16.74% Surge in Open Interest, Reaching 103,687 Contracts

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 103,687 contracts, marking a notable rise of 14,872 contracts or 16.74% from the previous open interest of 88,815. This surge in open interest comes alongside a trading volume of 65,655 contracts, indicating heightened activity in the stock.
In terms of performance, HCL Technologies has outperformed its sector by 0.43%, with a one-day return of 0.75%. The stock is currently trading at an underlying value of Rs 1,536. While it is above the 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages, suggesting mixed trends in its short- to medium-term performance.

Despite a decline in delivery volume, which fell by 39.27% against the 5-day average, the stock maintains a high dividend yield of 3.94%. With a market capitalization of Rs 4,17,063 crore, HCL Technologies continues to demonstrate liquidity sufficient for trades up to Rs 7.91 crore. Overall, the increase in open interest reflects a notable shift in market dynamics for HCL Technologies.