Cholamandalam Investment Sees Surge in Open Interest Amid Ongoing Performance Challenges

Jun 04 2025 12:00 PM IST
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Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has seen a notable rise in open interest, reaching 27,910, alongside a trading volume of 20,698. Despite this activity, the stock has faced a downward trend, underperforming its sector and experiencing a decline over the past six days.
Cholamandalam Investment & Finance Company Ltd (CHOLAFIN), a prominent player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant increase in open interest today. The latest open interest stands at 27,910, marking a rise of 4,447 from the previous open interest of 23,463, which translates to an 18.95% change. The trading volume for the day reached 20,698, contributing to a total futures value of approximately Rs 48,636 lakhs.

Despite this notable activity in open interest, the stock has underperformed its sector by 3.21%, continuing a downward trend with a six-day consecutive decline, resulting in an overall drop of 8.76% during this period. The stock touched an intraday low of Rs 1,512.4, reflecting a decrease of 3.44% for the day.

In terms of moving averages, the stock is currently above its 100-day and 200-day moving averages but below the 5-day, 20-day, and 50-day averages. Additionally, delivery volume has seen a decline of 43.23% compared to the five-day average, indicating a decrease in investor participation.

Overall, the increase in open interest for Cholamandalam Investment & Finance Company Ltd highlights a shift in market dynamics, even as the stock grapples with recent performance challenges.
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