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

Mar 07 2025 12:00 PM IST
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Oracle Financial Services Software Ltd has seen a notable rise in open interest, indicating increased activity in the derivatives market, with current open interest at 28,460 contracts. Despite recent stock price 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 significant increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 28,460 contracts, up from the previous 25,150, marking a change of 3,310 contracts or a 13.16% increase. The trading volume for the day reached 26,199 contracts, indicating robust participation.

In terms of price performance, Oracle Financial Services Software has underperformed its sector by 2.1%, with the stock declining by 3.89% over the last two days. Today, it touched an intraday low of Rs 7,565, representing a decrease of 3.32%. 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 decline, the stock maintains a high dividend yield of 3.06% at the 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 notable spurt in open interest highlights a shift in market dynamics for Oracle Financial Services Software, amidst a challenging trading environment.
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