HCL Technologies Sees Significant Open Interest Surge Amidst Market Challenges
HCL Technologies Ltd has seen a notable rise in open interest, reaching 51,566 contracts, alongside a trading volume of 49,531 contracts, indicating increased activity in the derivatives market. Despite this, the company's stock has underperformed its sector, experiencing a decline over the past four days.
HCL Technologies Ltd, a prominent player in the IT software industry, has experienced a significant increase in open interest today. The latest open interest stands at 51,566 contracts, marking a rise of 6,416 contracts or 14.21% from the previous open interest of 45,150. This uptick in open interest comes alongside a trading volume of 49,531 contracts, indicating heightened activity in the derivatives market.Despite this surge in open interest, HCL Technologies has underperformed its sector, with a decline of 0.26% in its stock price today, compared to a slight gain of 0.02% in the sector. The stock has faced a consecutive fall over the past four days, resulting in a total decline of 6.45% during this period. Currently, HCL Technologies is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a challenging market position.
The company maintains a market capitalization of Rs 4,14,213.84 crore and offers a high dividend yield of 3.92%. With a liquidity level sufficient for trades up to Rs 11.89 crore, HCL Technologies continues to be a notable entity in the IT sector. The recent increase in open interest highlights a shift in market dynamics, warranting attention from market participants.
{{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}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
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
Most Read
