Open Interest in Info Edge (India) Ltd Surges Amidst Price Decline and Increased Trading Activity

Apr 01 2025 01:00 PM IST
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Info Edge (India) Ltd has reported a notable rise in open interest, reaching 28,778 contracts, alongside a trading volume of 20,008 contracts, indicating increased activity in the derivatives market. However, the stock has underperformed, experiencing consecutive losses and trading below key moving averages.
Info Edge (India) Ltd, a prominent player in the IT software sector, has experienced a significant increase in open interest today. The latest open interest stands at 28,778 contracts, reflecting a rise of 2,629 contracts or 10.05% from the previous open interest of 26,149. This uptick in open interest comes alongside a trading volume of 20,008 contracts, indicating heightened activity in the derivatives market.

Despite this surge in open interest, Info Edge has underperformed its sector, with a decline of 2.64% today. The stock has faced consecutive losses over the past two days, accumulating a total return of -5.19%. During today's trading session, the stock reached an intraday low of Rs 6,817, marking a decrease of 5.07%.

The weighted average price suggests that more volume was traded closer to this low price, and the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, delivery volume has increased by 38.96% compared to the 5-day average, indicating rising participation.

In summary, while Info Edge (India) Ltd has seen a notable increase in open interest, it continues to face challenges in its price performance amidst broader market conditions.
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