Cholamandalam Investment Sees Surge in Open Interest Amid Ongoing Market Challenges

Jun 04 2025 01:00 PM IST
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Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has reported a significant rise in open interest, indicating increased trading activity. However, the stock has underperformed, experiencing consecutive losses over the past six days. Additionally, delivery volume has decreased markedly compared to recent averages.
Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has experienced a significant increase in open interest today, reflecting notable trading activity in the stock. The latest open interest stands at 29,232 contracts, up from the previous open interest of 23,463, marking a change of 5,769 contracts or a percentage increase of 24.59%. The trading volume for the day reached 26,324 contracts, contributing to a futures value of approximately Rs 59,406.33 lakhs.

Despite this surge in open interest, the stock has underperformed its sector, declining by 3.9% today. Over the past six days, CHOLAFIN has faced consecutive losses, with a total decline of 9.5%. The stock touched an intraday low of Rs 1,503, reflecting a decrease of 4.04% during the trading session.

In terms of moving averages, the stock is currently above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day averages. Additionally, delivery volume has decreased significantly, falling by 43.23% compared to the 5-day average.

In summary, while Cholamandalam Investment & Finance Company Ltd has seen a notable rise in open interest, the stock continues to face downward pressure in the market.
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