Cholamandalam Investment Sees Surge in Open Interest Amid Active Trading Environment
Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has seen a notable rise in open interest, indicating increased trading activity. The stock reached a new 52-week high, outperforming its sector, while trading above key moving averages. Despite a drop in delivery volume, liquidity remains strong.
Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 36,291 contracts, up from the previous 31,901, marking a change of 4,390 contracts or a 13.76% increase. The trading volume for the day reached 33,444 contracts, contributing to a futures value of approximately Rs 140.67 lakhs.In terms of price performance, Cholamandalam Investment & Finance Company hit a new 52-week high of Rs 1,659.5, representing a 4.55% increase during the trading session. The stock has outperformed its sector by 1.94%, while the broader Finance/NBFC sector gained 2.32%. Notably, Cholamandalam is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Despite a decline in delivery volume, which fell by 38.07% compared to the 5-day average, the stock remains liquid enough for a trade size of Rs 5.51 crore. Overall, the notable rise in open interest and robust price performance underscores the stock's active trading environment today.
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