HCL Technologies Sees Surge in Open Interest Amidst Ongoing Stock Decline

Apr 03 2025 02:00 PM IST
share
Share Via
HCL Technologies Ltd has seen a notable rise in open interest, reaching 60,668 contracts, alongside a trading volume of 49,978 contracts. Despite this increase, the stock has faced a decline over the past five days, trading below key moving averages, while the IT sector also experiences a downturn.
HCL Technologies Ltd (HCLTECH) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 60,668 contracts, up from the previous open interest of 53,692, marking a change of 6,976 contracts or a 12.99% increase. The trading volume for the day reached 49,978 contracts, contributing to a total futures value of approximately Rs 43,773.11 lakhs.

Despite this uptick in open interest, HCL Technologies has faced challenges in its stock performance, having declined for five consecutive days, resulting in a total drop of 9.65% during this period. The stock touched an intraday low of Rs 1,468, reflecting a decrease of 3.9% at one point. Currently, HCL Technologies is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In the broader context, the IT - Software sector has also seen a decline of 3.42%. With a market capitalization of Rs 4,00,455.56 crore, HCL Technologies maintains a high dividend yield of 3.92%. Overall, the increase in open interest amidst a challenging market environment highlights the dynamic nature of trading in HCL Technologies.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News