Mphasis Ltd. Sees Surge in Open Interest Amidst Challenging Trading Conditions

Apr 03 2025 12:00 PM IST
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Mphasis Ltd. has seen a significant rise in open interest, reaching 19,988 contracts, alongside a trading volume of 13,606 contracts. Despite a decline in price performance and a notable drop in delivery volume, the company's market capitalization remains around Rs 45,143.08 crore, indicating its large-cap status.
Mphasis Ltd. has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 19,988 contracts, up from the previous 18,039, marking a change of 1,949 contracts or a 10.8% increase. The trading volume for the day reached 13,606 contracts, indicating robust participation in the market.

In terms of price performance, Mphasis opened lower, with a gap down of 3.41%, and touched an intraday low of Rs 2,360.2, representing a decline of 4.62%. The stock has underperformed its sector, which has seen a decline of 3.34%. Despite this, Mphasis remains above its 20-day moving averages but is trading below its 5-day, 50-day, 100-day, and 200-day moving averages.

The company's market capitalization is approximately Rs 45,143.08 crore, categorizing it as a large-cap stock. Notably, delivery volume has decreased significantly, falling by 48.9% compared to the 5-day average. Overall, the increase in open interest amidst a challenging trading environment highlights the dynamic nature of Mphasis's market activity today.
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