Mphasis Sees Significant Open Interest Surge Amid Active Market Participation

Mphasis Ltd. (MPHASIS), a prominent player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today. The latest open interest stands at 28,344 contracts, reflecting a rise of 3,200 contracts or 12.73% from the previous open interest of 25,144. This uptick in open interest coincides with a trading volume of 17,463 contracts, indicating active participation in the market.
In terms of price performance, Mphasis has underperformed its sector by 0.4%, with the stock experiencing a decline after three consecutive days of gains. The stock reached an intraday low of Rs 2,747.4, marking a decrease of 2.11%. Despite this, the stock remains above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is below the 20-day moving average.

The liquidity of Mphasis is noteworthy, with a delivery volume of 481,000 shares on July 30, which has increased by 13.86% compared to the 5-day average delivery volume. The total market capitalization of Mphasis is approximately Rs 53,251 crore, solidifying its position as a large-cap entity in the market. Overall, the notable increase in open interest highlights a shift in market dynamics for Mphasis, reflecting changing investor sentiment.