Mphasis Ltd. Sees Surge in Open Interest Amid Increased Trading Activity
Mphasis Ltd. has seen a notable rise in open interest, reaching 32,096 contracts, alongside a trading volume of 23,234 contracts today. The stock has outperformed its sector, gaining 2.14% and showing an upward trend over the past three days, with a market capitalization of Rs 46,145 crore.
Mphasis Ltd., a prominent player in the IT software industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 32,096 contracts, up from the previous 28,169, marking a change of 3,927 contracts or a 13.94% increase. The trading volume for the day reached 23,234 contracts, contributing to a total futures value of approximately Rs 55,533.95 lakhs.In terms of price performance, Mphasis has outperformed its sector by 1.04%, with the stock gaining 2.14% on the day. Over the past three days, Mphasis has shown a consistent upward trend, accumulating returns of 8.41%. The stock reached an intraday high of Rs 2,478.85, reflecting a 2.01% increase.
Additionally, the stock's delivery volume on March 21 was recorded at 5.91 lakh shares, which is a notable rise of 56.64% compared to the five-day average. Mphasis maintains a market capitalization of Rs 46,145 crore, positioning it firmly within the large-cap segment. Overall, the increase in open interest and trading volume highlights a notable shift in market dynamics for Mphasis Ltd.
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