Surge in Open Interest Signals Shift in Market Dynamics for Info Edge (India) Ltd
Info Edge (India) Ltd has seen a notable rise in open interest, reaching 28,962 contracts, alongside a trading volume of 21,854 contracts, indicating increased activity in the derivatives market. Despite this, 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 28,962 contracts, reflecting a rise of 2,813 contracts or 10.76% from the previous open interest of 26,149. This uptick in open interest coincides with a trading volume of 21,854 contracts, indicating heightened activity in the derivatives market.Despite this surge in open interest, Info Edge has underperformed relative to 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% from its previous close.
In terms of liquidity, the stock remains accessible for trading, with a delivery volume of 2.92 lakh shares on March 28, which is 38.96% higher than the five-day average delivery volume. Currently, Info Edge is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a challenging market position. Overall, the notable increase in open interest highlights a shift in market dynamics for Info Edge (India) Ltd amidst its recent performance trends.
{{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
