Info Edge (India) Ltd Sees 21.48% Surge in Open Interest to 44,279 Contracts

Info Edge (India) Ltd, a prominent player in the E-Retail/E-Commerce sector, has experienced a significant increase in open interest today. The latest open interest stands at 44,279 contracts, reflecting a rise of 7,828 contracts or 21.48% from the previous open interest of 36,451. This surge coincides with a trading volume of 58,760 contracts, indicating robust activity in the derivatives market.
In terms of price performance, Info Edge has outperformed its sector by 1.31%, with the stock gaining 4.54% over the last two days. Today, it reached an intraday high of Rs 1,391.5, marking a 5.66% increase. The weighted average price suggests that more volume was traded closer to the lower end of the price range. Notably, the stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Despite the positive price movement, there has been a notable decline in investor participation, with delivery volume dropping by 95.24% compared to the 5-day average. The liquidity remains adequate for trades up to Rs 1.64 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and recent price performance highlights a dynamic trading environment for Info Edge (India) Ltd.