KPIT Technologies Sees Significant Open Interest Surge Amid Market Dynamics Shift

Mar 28 2025 02:00 PM IST
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KPIT Technologies Ltd has seen a notable rise in open interest, reaching 7,675 contracts, alongside a trading volume of 5,757 contracts, indicating increased activity in the derivatives market. Despite this, the stock has underperformed its sector and experienced a decline over the past two days.
KPIT Technologies Ltd, a prominent player in the IT software sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 7,675 contracts, marking a rise of 1,415 contracts or 22.6% from the previous OI of 6,260. This uptick in OI comes alongside a trading volume of 5,757 contracts, indicating heightened activity in the derivatives market.

Despite this surge in open interest, KPIT Technologies has underperformed its sector by 0.4% today, with the stock recording a 1D return of -1.98%. Over the past two days, the stock has seen a consecutive decline, totaling a drop of 4.21%. The stock reached an intraday low of Rs 1,301.7, reflecting a decrease of 2.43% during the trading session.

In terms of moving averages, KPIT Technologies is currently above its 20-day moving average but below its 5-day, 50-day, 100-day, and 200-day averages. Additionally, the stock's delivery volume has decreased by 17.76% compared to the 5-day average, suggesting a decline in investor participation. With a market capitalization of Rs 36,468 crore, KPIT Technologies remains a significant entity in the large-cap segment of the IT software industry. The notable increase in open interest highlights a shift in market dynamics, warranting attention from market participants.
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