Surge in Open Interest Signals Increased Trading Activity for Oracle Financial Services Software

Mar 07 2025 11:00 AM IST
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Oracle Financial Services Software Ltd has seen a significant rise in open interest, reaching 28,079 contracts, alongside a trading volume of 18,534 contracts, indicating increased trading activity. Despite recent stock declines and underperformance relative to its sector, the company maintains a solid dividend yield and adequate liquidity.
Oracle Financial Services Software Ltd (OFSS) has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 28,079 contracts, up from the previous 25,150, marking a change of 2,929 contracts or an 11.65% increase. The trading volume for the day reached 18,534 contracts, indicating robust participation in the derivatives market.

In terms of price performance, Oracle Financial Services Software has underperformed its sector by 2.23%, with the stock experiencing a decline of 3.92% over the last two days. Today, it touched an intraday low of Rs 7,580, representing a decrease of 3.13%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

Despite the recent price challenges, the stock maintains a high dividend yield of 3.06% at its current price level. Additionally, liquidity remains adequate, with a trading capacity of Rs 2.81 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in trading dynamics for Oracle Financial Services Software, amidst a backdrop of declining stock performance.
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