HFCL Ltd Sees Significant Open Interest Surge Amid Active Market Participation

Apr 23 2025 03:00 PM IST
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HFCL Ltd has seen a notable increase in open interest, reaching 27,217 contracts, alongside a trading volume of 16,663 contracts, indicating active market engagement. Despite a slight decline in stock price, it remains above several moving averages, reflecting robust liquidity and a healthy trading environment.
HFCL Ltd, a mid-cap player in the Telecommunication Equipment industry, has experienced a significant increase in open interest today. The latest open interest stands at 27,217 contracts, reflecting a rise of 3,738 contracts or 15.92% from the previous open interest of 23,479. This uptick in open interest comes alongside a trading volume of 16,663 contracts, indicating active market participation.

In terms of price performance, HFCL has seen a slight decline of 0.50% today, continuing a trend of losses over the past two days, during which the stock has dropped by 0.45%. Despite this recent downturn, the stock's price remains above its 5-day, 20-day, and 50-day moving averages, although it is trading below its 100-day and 200-day moving averages.

The stock's liquidity appears robust, with a delivery volume of 41.7 lakh shares on April 22, marking an increase of 8.13% compared to the 5-day average delivery volume. The total traded value today is approximately Rs 28,916.45 lakhs, suggesting a healthy trading environment for HFCL. Overall, the notable rise in open interest highlights a shift in market dynamics for HFCL, warranting attention from market participants.
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