Mphasis Sees Significant Surge in Open Interest Amid Increased Market Activity
Mphasis Ltd. has reported a notable rise in open interest, reaching 36,894 contracts, alongside a trading volume of 21,837 contracts. The stock achieved an intraday high of Rs 2,728.1, while delivery volume declined significantly. Mphasis holds a market capitalization of Rs 51,272.23 crore.
Mphasis Ltd., a prominent player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today. The latest open interest stands at 36,894 contracts, reflecting a rise of 5,127 contracts or 16.14% from the previous open interest of 31,767. This surge in open interest comes alongside a trading volume of 21,837 contracts, indicating active participation in the market.In terms of price performance, Mphasis touched an intraday high of Rs 2,728.1, marking a gain of 2.05% for the day. The stock's performance aligns with sector trends, as it recorded a 1D return of 0.82%, compared to a sector return of 0.15% and a Sensex return of 0.44%.
Despite this positive movement, the stock has seen a decline in delivery volume, which fell by 31.89% against the 5-day average. Mphasis maintains a market capitalization of Rs 51,272.23 crore, categorizing it as a large-cap stock. Overall, the notable increase in open interest highlights a shift in market dynamics for Mphasis, reflecting heightened trading activity without indicating future price movements.
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