Surge in Open Interest for Info Edge Signals Shift in Market Dynamics
Info Edge (India) Ltd has seen a significant rise in open interest, reaching 45,766 contracts, alongside a trading volume of 33,680 contracts, indicating increased activity in the derivatives market. The stock has outperformed its sector, achieving a 1.66% return, despite a decline in delivery volume.
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 45,766 contracts, marking a notable rise of 9,158 contracts or 25.02% from the previous open interest of 36,608. This surge in open interest coincides with a trading volume of 33,680 contracts, reflecting heightened activity in the derivatives market.In terms of price performance, Info Edge has outperformed its sector with a 1.66% return today, compared to a mere 0.15% for the sector. The stock reached an intraday high of Rs 1,531.4, representing a 3.32% increase. Despite this positive movement, the stock's delivery volume has seen a decline of 29.09% compared to its five-day average, indicating a potential shift in investor participation.
The stock remains liquid, with a trading capacity sufficient for a trade size of Rs 2.99 crore, based on 2% of the five-day average traded value. Overall, the increase in open interest for Info Edge highlights a notable shift in market dynamics, reflecting the stock's current performance and market position.
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