Surge in Open Interest Signals Shifting Investor Sentiment for Info Edge Stock
Info Edge (India) Ltd has seen a significant rise in open interest, reaching 55,144 contracts, alongside a trading volume of 48,293 contracts. Despite a decline in delivery volume, the stock remains liquid, with a market capitalization of Rs 90,721.84 crore, indicating changing investor sentiment in the E-Retail sector.
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 55,144 contracts, marking a notable rise of 13,814 contracts or 33.42% from the previous open interest of 41,330. This surge in open interest comes alongside a trading volume of 48,293 contracts, reflecting active market engagement.In terms of price performance, Info Edge's stock has underperformed its sector by 1.01%, with an intraday high of Rs 1,420.3, representing a 2.88% increase. The stock is currently positioned above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages, indicating mixed momentum in the short to medium term.
Despite a decline in delivery volume, which has fallen by 61.86% against the 5-day average, the stock maintains sufficient liquidity for trading, with a market capitalization of Rs 90,721.84 crore. Overall, the increase in open interest highlights a notable shift in market dynamics for Info Edge, reflecting evolving investor sentiment within the E-Retail sector.
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