HDFC Asset Management Sees Surge in Open Interest Amid Increased Derivatives Activity

HDFC Asset Management Company Ltd (HDFCAMC) has experienced a notable increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 27,918 contracts, up from the previous figure of 25,258, marking a change of 2,660 contracts or a 10.53% increase. The trading volume for the day reached 30,245 contracts, indicating robust participation.
In terms of price performance, HDFC AMC is currently trading close to its 52-week high, just 3.73% away from Rs 4,864. The stock has outperformed its sector by 2.53% today, with a 1-day return of 2.59%. Over the last two days, HDFC AMC has shown a consecutive gain, rising 4.28% during this period. The stock reached an intraday high of Rs 4,713.3, reflecting a 3.16% increase.

Additionally, HDFC AMC is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The delivery volume of 4.45 lakh shares on May 14 has surged by 100.32% compared to the 5-day average, suggesting increased liquidity and trading activity. Overall, the developments in open interest and trading metrics highlight a significant moment for HDFC Asset Management Company in the current market landscape.