Cholamandalam Investment Sees Surge in Open Interest Amid Increased Trading Activity
Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has seen a significant rise in open interest, reaching 38,078 contracts, alongside a trading volume of 23,888 contracts. Despite underperforming its sector, the stock remains above key moving averages, although delivery volume has notably decreased. The company operates within the NBFC sector with a market cap of Rs 1,35,035 crore.
Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 38,078 contracts, up from the previous figure of 34,522, marking a change of 3,556 contracts or a 10.3% increase. The trading volume for the day reached 23,888 contracts, indicating robust engagement from market participants.In terms of performance, Cholamandalam has underperformed its sector by 0.48% today, despite achieving a 3.41% gain over the past three days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement. However, it is worth noting that delivery volume has decreased significantly, with a reported 3.76 lakh shares delivered on June 23, down 58.89% compared to the 5-day average.
With a market capitalization of Rs 1,35,035 crore, Cholamandalam operates within the Non-Banking Financial Company (NBFC) sector, maintaining a liquid trading environment suitable for transactions up to Rs 4.3 crore. Overall, the increase in open interest highlights a significant shift in trading dynamics for Cholamandalam Investment & Finance Company.
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