Surge in Open Interest Signals Increased Market Activity for Info Edge (India) Ltd
Info Edge (India) Ltd has seen a significant rise in open interest, reaching 43,476 contracts, alongside a trading volume of 113,245 contracts. Despite a slight price gain, the stock has underperformed its sector. The company maintains a market capitalization of Rs 95,724 crore, indicating a liquid trading environment.
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 43,476 contracts, marking a notable rise of 11,050 contracts or 34.08% from the previous open interest of 32,426. This surge in open interest coincides with a trading volume of 113,245 contracts, indicating heightened activity in the stock.In terms of price performance, Info Edge has underperformed its sector by 1.77%, with the stock gaining just 0.04% today. The stock reached an intraday high of Rs 7,429.90, reflecting a 4.63% increase at its peak. The weighted average price suggests that more volume was traded closer to the lower price range. While the stock is currently above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages.
Additionally, the delivery volume on March 24 was recorded at 191,000 shares, which is a 14.1% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 95,724 crore, Info Edge continues to maintain a liquid trading environment, suitable for transactions of up to Rs 4.5 crore. Overall, the increase in open interest highlights a notable shift in market dynamics for Info Edge (India) Ltd.
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