HDFC Asset Management Sees Surge in Open Interest Amid Active Trading Environment
HDFC Asset Management Company Ltd has seen a notable rise in open interest, reaching 34,320 contracts, alongside a trading volume of 38,854 contracts. The stock achieved a new all-time high of Rs. 5,869.5 and has shown strong performance metrics, despite a decline in delivery volume.
HDFC Asset Management Company Ltd (HDFCAMC) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 34,320 contracts, up from the previous 30,106 contracts, marking a change of 4,214 contracts or a 14.0% increase. The trading volume for the day reached 38,854 contracts, indicating robust participation in the market.In terms of price performance, HDFC AMC reached a new 52-week and all-time high of Rs. 5,869.5 today. The stock has outperformed its sector by 1.3% and has shown a consecutive gain over the last two days, with a total return of 2.6% during this period. Additionally, HDFC AMC is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.
Despite this positive momentum, there has been a noted decline in investor participation, with delivery volume falling by 11.61% compared to the 5-day average. The stock remains liquid, with a trading capacity of Rs 5.94 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and the stock's performance metrics highlight a dynamic trading environment for HDFC Asset Management Company.
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