Surge in Open Interest Signals Increased Trading Activity for Info Edge Stock

Info Edge (India) Ltd, a prominent player in the E-Retail and E-Commerce sector, has experienced a significant increase in open interest today. The latest open interest stands at 41,307 contracts, reflecting a rise of 5,600 contracts or 15.68% from the previous open interest of 35,707. This uptick in open interest comes alongside a trading volume of 23,407 contracts, indicating heightened activity in the stock.
In terms of price performance, Info Edge has seen a slight decline, with a 1D return of -1.56%, compared to the sector's return of -1.32% and the Sensex's return of -0.51%. The stock reached an intraday low of Rs 1,467.9, marking a decrease of 2.47%. Despite this drop, the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is trading below its 200-day moving average.

The liquidity of Info Edge is noteworthy, with a delivery volume of 16.65 lakh shares on June 20, which has surged by 336.15% against the 5-day average delivery volume. With a market capitalization of Rs 95,769 crore, Info Edge continues to maintain a solid position in the market. Overall, the increase in open interest highlights a notable shift in trading dynamics for the stock.