Mphasis Ltd. Sees 13.51% Surge in Open Interest to 25,131 Contracts

Mphasis Ltd., a mid-cap player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today. The latest open interest stands at 25,131 contracts, reflecting a rise of 2,992 contracts or 13.51% from the previous open interest of 22,139. This surge in open interest comes alongside a trading volume of 26,828 contracts, indicating active market participation.
In terms of price performance, Mphasis has outperformed its sector by 2.05%, marking a consecutive gain over the last three days with a total return of 5.36% during this period. The stock reached an intraday high of Rs 2,897, representing a 2.77% increase. Mphasis is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the delivery volume on October 24 was recorded at 1.23 lakh shares, which is a 5.33% increase compared to the 5-day average delivery volume. The stock's liquidity remains robust, with a trade size of Rs 1.54 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and positive price performance underscores Mphasis's current market dynamics.