Surge in Open Interest for Persistent Systems Amidst Ongoing Price Decline

Sep 05 2025 02:00 PM IST
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Persistent Systems Ltd has seen a notable rise in open interest, reaching 38,400, alongside a trading volume of 50,395, indicating active market engagement. However, the stock has underperformed, experiencing consecutive losses and trading below key moving averages, while investor participation has decreased significantly.
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 38,400, reflecting a rise of 6,139 from the previous open interest of 32,261, marking a percentage change of 19.03%. The trading volume for the day reached 50,395, indicating active participation in the market.

Despite this uptick in open interest, the stock has underperformed its sector, declining by 1.99% today. Over the past four days, Persistent Systems has faced consecutive losses, with a total decline of 5.46%. The stock touched an intraday low of Rs 5,090, down 3.84% from the previous close. Additionally, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

Investor participation appears to be waning, with delivery volume dropping by 36.5% compared to the 5-day average. The liquidity remains adequate for trades sized at Rs 3.12 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest amidst a declining price trend highlights the current dynamics surrounding Persistent Systems.
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