Surge in Open Interest Signals Increased Investor Activity in Info Edge Stock
Info Edge (India) Ltd has seen a notable rise in open interest, reaching 41,810 contracts, alongside a trading volume of 88,817 contracts, indicating increased market activity. The stock has gained 11.87% over the past week and has a market capitalization of Rs 91,698.91 crore, showcasing its liquidity.
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 41,810 contracts, marking a rise of 9,384 contracts or 28.94% from the previous open interest of 32,426. This surge in open interest coincides with a trading volume of 88,817 contracts, indicating heightened activity in the derivatives market.In terms of price performance, Info Edge has shown resilience, gaining 11.87% over the past seven days. Today, the stock reached an intraday high of Rs 7,429.90, reflecting a 4.63% increase. The stock's performance is currently in line with its sector, despite a slight 1D return of -0.34%. Notably, the stock's delivery volume has also seen a rise, with 1.91 lakh shares delivered on March 24, up 14.1% compared to the five-day average.
With a market capitalization of Rs 91,698.91 crore, Info Edge remains a liquid stock, suitable for trades of up to Rs 4.5 crore based on its average traded value. The increase in open interest and trading volume highlights the stock's active engagement in the market, reflecting ongoing investor activity.
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