HDFC Asset Management Sees Surge in Open Interest, Indicating Active Derivatives Market
HDFC Asset Management Company Ltd has seen a significant rise in open interest, indicating increased activity in the derivatives market. The trading volume reached 17,557 contracts, with a market capitalization of Rs 1,05,436 crore. The stock continues to trade above key moving averages, reflecting a positive trend.
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 34,688 contracts, up from the previous figure of 31,523, marking a change of 3,165 contracts or a percentage increase of 10.04%. The trading volume for the day reached 17,557 contracts, contributing to a futures value of approximately Rs 64,854.89 lakhs.In terms of price performance, HDFC AMC has underperformed its sector by 0.39%, with a one-day return of 0.01%. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the short to medium term. Additionally, the stock has shown rising investor participation, with a delivery volume of 2.28 lakh shares on June 20, which is a 0.95% increase compared to the 5-day average delivery volume.
With a market capitalization of Rs 1,05,436 crore, HDFC AMC remains a significant player in the capital markets industry. The increase in open interest today highlights a shift in market dynamics, underscoring the stock's active trading environment.
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