Mphasis Ltd. Sees Surge in Open Interest Amidst Dynamic Trading Environment

Mphasis Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 28,200, up from the previous figure of 25,144, marking a change of 3,056, or a 12.15% increase. This uptick comes alongside a trading volume of 15,731, indicating heightened market engagement.
In terms of price performance, Mphasis has shown a slight decline, with a 1D return of -0.24%, while the sector overall recorded a minor drop of -0.10%. The stock reached an intraday low of Rs 2,747.4, representing a decrease of 2.11%. Despite this downturn, Mphasis remains above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 20-day moving average.

The liquidity of Mphasis is also noteworthy, with a delivery volume of 481,000 shares on July 30, reflecting a 13.86% increase compared to the 5-day average. The stock's market capitalization is approximately Rs 53,251 crore, categorizing it as a large-cap entity in the Computers - Software & Consulting industry. Overall, the increase in open interest suggests a dynamic trading environment for Mphasis, amidst a backdrop of fluctuating stock performance.