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 contracts at 28,164. The stock has outperformed its sector, gaining 5.09% over two days. However, investor participation has declined, as delivery volume dropped significantly compared to the five-day average.
Mphasis Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 28,164 contracts, up from the previous 25,547 contracts, marking a change of 2,617 contracts or a 10.24% increase. The trading volume for the day reached 48,033 contracts, indicating robust market engagement.In terms of price performance, Mphasis has outperformed its sector by 3.9%, with the stock gaining 5.09% over the last two days. Today, it reached an intraday high of Rs 2,425.5, reflecting a 5.19% increase, while the intraday low was Rs 2,240.4, a decrease of 2.84%. The weighted average price suggests that more volume was traded closer to the lower end of the price range.
Despite this positive momentum, there has been a noted decline in investor participation, with delivery volume dropping by 35.34% compared to the five-day average. Mphasis operates within the IT - Software industry and holds a market capitalization of Rs 45,773.19 crore, categorizing it as a large-cap stock. Overall, the increase in open interest alongside the stock's recent performance highlights a notable shift in trading dynamics.
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