HFCL Ltd Sees Significant Surge in Open Interest Amid Active Market Engagement

Apr 24 2025 03:00 PM IST
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HFCL Ltd has seen a significant rise in open interest, reaching 28,356 contracts, alongside a trading volume of 11,497 contracts, indicating active market participation. Despite a decline in delivery volume and underperformance relative to its sector, the company maintains adequate liquidity with a market cap of Rs 12,350.72 crore.
HFCL Ltd, a mid-cap player in the Telecommunication Equipment industry, has experienced a notable increase in open interest today. The latest open interest stands at 28,356 contracts, reflecting a rise of 2,653 contracts or 10.32% from the previous open interest of 25,703. This uptick in open interest comes alongside a trading volume of 11,497 contracts, indicating active market engagement.

In terms of price performance, HFCL has underperformed its sector by 1.32%, with a one-day return of -0.14%. The stock is currently trading at an underlying value of Rs 85. While it is above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages, suggesting mixed momentum in the short to medium term.

Additionally, the stock has seen a decline in delivery volume, which fell by 19.29% compared to the 5-day average, with a delivery volume of 34.4 lakh shares recorded on April 23. Despite this, HFCL maintains sufficient liquidity for trades, with a market cap of Rs 12,350.72 crore. Overall, the increase in open interest highlights a significant shift in market dynamics for HFCL, warranting attention from market participants.
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