Persistent Systems Sees 14.39% Surge in Open Interest, Reaching 73,270 Contracts

Persistent Systems 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 73,270 contracts, reflecting a rise of 9,216 contracts or 14.39% from the previous open interest of 64,054. This uptick in open interest comes alongside a trading volume of 69,335, indicating active participation in the stock.
In terms of performance, Persistent Systems is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong position relative to these benchmarks. The stock's delivery volume reached 4.57 lakh on October 23, marking a 16.35% increase compared to the 5-day average delivery volume, which points to rising investor participation.

Despite a slight decline in the stock's 1-day return of -0.29%, it remains relatively aligned with sector performance, which saw a 1-day return of -0.45%. The overall market capitalization of Persistent Systems is approximately Rs 91,793.15 crore, underscoring its status as a significant player in the mid-cap segment. This notable spurt in open interest highlights the stock's active trading environment, reflecting current market dynamics.