Info Edge Sees 19.12% Surge in Open Interest, Reaching 42,079 Contracts

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 42,079 contracts, reflecting a rise of 6,755 contracts or 19.12% from the previous open interest of 35,324. This surge in open interest coincides with a trading volume of 57,631 contracts, indicating heightened activity in the stock.
In terms of price performance, Info Edge has outperformed its sector by 1.4%, marking a consecutive gain over the last three days with a total return of 6.72% during this period. The stock reached an intraday high of Rs 1,419.9, representing a 2.91% increase for the day. Notably, the stock's performance is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Additionally, the delivery volume on October 23 surged to 17.23 lakh shares, a remarkable increase of 297.23% compared to the 5-day average delivery volume, highlighting rising investor participation. With a market capitalization of Rs 91,946 crore, Info Edge continues to demonstrate robust liquidity, suitable for trades up to Rs 2.96 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and strong trading metrics underscore the stock's current market dynamics.