Mphasis Ltd. Sees 11.96% Surge in Open Interest, Reaching 24,073 Contracts
Mphasis Ltd. has seen a significant rise in open interest, reaching 24,073 contracts, alongside a trading volume of 13,765 contracts, indicating increased market activity. The stock is trading above key moving averages and has shown favorable liquidity, reflecting its position in the Computers - Software & Consulting industry.
Mphasis Ltd. has experienced a notable increase in open interest today, signaling heightened activity in its trading. The latest open interest stands at 24,073 contracts, reflecting a rise of 2,571 contracts or 11.96% from the previous open interest of 21,502. This surge in open interest comes alongside a trading volume of 13,765 contracts, indicating robust market engagement.In terms of financial metrics, Mphasis is currently trading at an underlying value of Rs 2,833. The stock has shown resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it has underperformed its sector by 0.43% today, with a 1D return of -0.19%, while the sector and Sensex reported returns of 0.46% and 0.43%, respectively.
Additionally, the stock's liquidity remains favorable, with a delivery volume of 154,000 shares on October 28, marking a 41.37% increase compared to the 5-day average delivery volume. Mphasis Ltd., operating within the Computers - Software & Consulting industry and holding a market cap of Rs 53,758.25 crore, continues to navigate a dynamic market landscape. The increase in open interest highlights a significant shift in trading activity, underscoring the stock's current market position.
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