Mphasis Ltd. Sees Surge in Open Interest Amid Increased Trading Activity

Apr 23 2025 03:00 PM IST
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Mphasis Ltd. has seen a notable rise in open interest, indicating increased trading activity, with current figures at 37,580 contracts. The stock has shown a positive price trend, gaining 10.19% over four days, while the IT - Software sector also experienced gains. Mphasis maintains a market cap of Rs 47,139 crore.
Mphasis Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 37,580 contracts, up from the previous figure of 31,643, marking a change of 5,937 contracts or an 18.76% increase. The trading volume for Mphasis reached 50,842 contracts, indicating robust market engagement.

In terms of price performance, Mphasis opened with a gain of 2.38% and has shown a consistent upward trend, gaining 10.19% over the last four days. The stock reached an intraday high of Rs 2,523.90, reflecting a 5.08% increase during the trading session. Currently, Mphasis is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages.

The IT - Software sector has also seen positive movement, gaining 3.87% today. However, there has been a slight decline in delivery volume, which fell by 2.71% compared to the 5-day average. Mphasis maintains a market capitalization of Rs 47,139 crore, positioning it as a large-cap player in the industry. Overall, the notable rise in open interest underscores the active trading environment surrounding Mphasis Ltd.
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