HFCL Ltd Sees 10.53% Surge in Open Interest Amidst Trading Activity Fluctuations
HFCL Ltd, a small-cap telecom equipment company, has seen a significant rise in open interest, reaching 35,166 contracts. The trading volume for the day was 36,785 contracts, indicating active market participation. Despite a decline in delivery volume, the stock remains liquid, reflecting notable market dynamics.
HFCL Ltd, a small-cap player in the Telecom Equipment & Accessories industry, has experienced a notable increase in open interest today. The latest open interest stands at 35,166 contracts, reflecting a rise of 3,350 contracts or 10.53% from the previous open interest of 31,816. The trading volume for the day reached 36,785 contracts, indicating active participation in the market.In terms of price performance, HFCL has underperformed its sector by 1.47%, with the stock touching an intraday high of Rs 78.95, marking a gain of 2.11%, while it also recorded a low of Rs 74.50, a decline of 3.65%. The weighted average price suggests that more volume was traded closer to the lower end of the price range. Additionally, the stock is currently trading above its 5-day, 20-day, and 50-day moving averages, but below its 100-day and 200-day moving averages.
Despite a decline in delivery volume by 51.51% compared to the 5-day average, HFCL maintains sufficient liquidity for trades up to Rs 2.96 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for HFCL Ltd.
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