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 open interest at 35,564 contracts. The stock opened higher and reached an intraday peak, reflecting a positive trend over the past four days, despite a slight decline in delivery volume.
Mphasis Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 35,564 contracts, marking a rise of 3,921 contracts or 12.39% from the previous open interest of 31,643. The trading volume for the day reached 40,308 contracts, contributing to a total futures value of approximately Rs 109,173.28 lakhs.In terms of price performance, Mphasis opened with a gain of 2.38% and reached an intraday high of Rs 2,523.90, reflecting a 5.08% increase during the trading session. The stock has shown a positive trend over the past four days, accumulating a total return of 9.96%. Currently, Mphasis is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages.
Despite a slight decline in delivery volume, which fell by 2.71% compared to the 5-day average, the stock maintains sufficient liquidity for trades of Rs 3.11 crore. Overall, the notable rise in open interest and the stock's recent performance underscore the active trading environment surrounding Mphasis Ltd.
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