Cholamandalam Investment Sees Surge in Open Interest Amid Price Decline

Jun 04 2025 02:00 PM IST
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Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has seen a significant rise in open interest, reaching 30,689 contracts, alongside a trading volume of 34,103 contracts. Despite recent price declines, the stock remains above its long-term moving averages, indicating active market engagement amid evolving dynamics.
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 30,689 contracts, marking a notable rise of 7,226 contracts or 30.8% from the previous open interest of 23,463. The trading volume for the day reached 34,103 contracts, reflecting active market participation.

In terms of price performance, Cholamandalam has underperformed its sector, with a decline of 4.22% today. The stock has been on a downward trend, losing 10.01% over the past six days. It touched an intraday low of Rs 1,497.2, down 4.41% from the previous close. The weighted average price indicates that more volume was traded closer to this low price.

Despite the recent challenges, the stock remains above its 100-day and 200-day moving averages, although it is currently below its 5-day, 20-day, and 50-day moving averages. The liquidity remains adequate for trading, with a delivery volume of 4.6 lakh shares, although this represents a decline of 43.23% compared to the 5-day average. Overall, the increase in open interest amidst a challenging price environment highlights the evolving dynamics surrounding Cholamandalam Investment & Finance Company.
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