Mphasis Ltd. Sees Surge in Open Interest Amid Increased Trading Activity
Mphasis Ltd. has seen a notable rise in open interest and trading volume, indicating increased trading activity. The stock has outperformed its sector and has shown consistent gains over the past four days. Additionally, delivery volume has surged significantly, reinforcing its strong market presence in the software and consulting industry.
Mphasis Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 22,975 contracts, up from the previous 20,613, marking a change of 2,362 contracts or an 11.46% increase. The trading volume for the day reached 12,996 contracts, contributing to a futures value of approximately Rs 50,982.87 lakhs.In terms of performance, Mphasis has outperformed its sector by 0.93% today, continuing a positive trend with gains over the last four consecutive days, totaling a rise of 6.15% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum.
Additionally, the stock has seen a notable increase in delivery volume, with 3.55 lakh shares traded on August 21, reflecting a 151.71% rise compared to the 5-day average. With a market capitalization of Rs 54,507.18 crore, Mphasis remains a key player in the Computers - Software & Consulting industry. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for Mphasis Ltd.
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