Cholamandalam Investment Sees Surge in Open Interest Amid Increased Trading Activity
Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has seen a notable rise in open interest, reaching 39,051 contracts, alongside a trading volume of 22,911 contracts. The stock has outperformed its sector and demonstrated consistent gains, with increased delivery volume and a strong market capitalization within the NBFC sector.
Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 39,051 contracts, up from the previous 35,429 contracts, marking a change of 3,622 contracts or a 10.22% increase. The trading volume for the day reached 22,911 contracts, contributing to a total futures value of approximately Rs 1,28,996.62 lakhs.In terms of performance, Cholamandalam has outperformed its sector by 0.49%, with a 1D return of 0.69%. The stock has shown consistent gains over the past two days, accumulating a total return of 1.46% during this period. Notably, the stock's price is currently above its 5-day, 100-day, and 200-day moving averages, although it remains below the 20-day and 50-day moving averages.
Additionally, the stock has seen a rise in delivery volume, with 15.25 lakh shares delivered on June 20, reflecting a 41.28% increase compared to the 5-day average. With a market capitalization of Rs 1,30,682.00 crore, Cholamandalam continues to maintain a solid position within the Non-Banking Financial Company (NBFC) sector. Overall, the increase in open interest and trading activity underscores the stock's current market dynamics.
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