Mphasis Ltd. Sees Surge in Open Interest Amid Increased Trading Activity
Mphasis Ltd. has seen a notable rise in open interest, indicating increased trading activity, with current figures at 28,360 contracts. The stock has outperformed its sector and experienced significant price fluctuations today. However, investor participation has declined, as delivery volume dropped compared to recent averages.
Mphasis Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 28,360 contracts, up from the previous 25,547, marking a change of 2,813 contracts or an 11.01% increase. The trading volume for the day reached 53,448 contracts, indicating robust engagement in the market.In terms of price performance, Mphasis has outperformed its sector by 4.6%, with the stock gaining 6.04% over the last two days. Today, it reached an intraday high of Rs 2,430.9, representing a 5.42% increase, while the intraday low was Rs 2,240.4, reflecting a decline of 2.84%. The weighted average price suggests that more volume was traded closer to the lower price point.
Despite the positive price movement, there has been a notable decline in investor participation, with delivery volume dropping by 35.34% compared to the five-day average. Mphasis, operating in the IT software industry with a market capitalization of Rs 44,502 crore, remains liquid enough for trades sized at Rs 3.27 crore based on 2% of the five-day average traded value. Overall, the increase in open interest highlights a dynamic trading environment for Mphasis Ltd.
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