HDFC Asset Management Company Sees 15.6% Surge in Open Interest Activity

HDFC Asset Management Company Ltd (HDFCAMC) has experienced a significant increase in open interest today, reflecting notable trading activity in the capital markets sector. The latest open interest stands at 30,131 contracts, up from the previous figure of 26,064, marking a change of 4,067 contracts or a 15.6% increase. The trading volume for the day reached 44,014 contracts, indicating robust market engagement.
In terms of price performance, HDFC AMC is currently trading close to its 52-week high, just 3.32% away from Rs 5,927.5. The stock achieved an intraday high of Rs 5,756, representing a 2.9% increase for the day. Notably, HDFC AMC has outperformed its sector by 0.58%, with a one-day return of 2.62%, compared to the sector's return of 2.02% and the Sensex's return of 0.83%.

Despite this positive performance, there has been a decline in investor participation, with delivery volume falling by 32.84% against the five-day average. Nevertheless, the stock remains liquid, suitable for trades up to Rs 4.86 crore based on 2% of the five-day average traded value. Overall, the increase in open interest alongside the stock's strong performance metrics highlights a dynamic trading environment for HDFC AMC.