HFCL Ltd Sees 18.01% Surge in Open Interest Amid Trading Activity

HFCL Ltd, a small-cap player in the Telecom Equipment & Accessories sector, has experienced a notable increase in open interest today. The latest open interest stands at 40,173 contracts, reflecting a significant rise of 6,130 contracts or 18.01% from the previous open interest of 34,043. This surge comes alongside a trading volume of 19,830 contracts, indicating active participation in the derivatives market.
In terms of financial metrics, HFCL's underlying value is reported at Rs 75, with a total futures value of approximately Rs 57.61 crore and an options value reaching around Rs 4,235.41 crore. Despite this increase in open interest, the stock has underperformed its sector by 3.33%, with a 1D return of -1.60%. Over the past two days, HFCL has seen a consecutive decline, totaling a drop of 2.51%.

Additionally, the stock's delivery volume on October 27 was 30.77 lakh shares, which marks a decrease of 37.45% compared to the five-day average. While HFCL's moving averages indicate mixed performance, the stock remains liquid enough for trades sized at Rs 1.91 crore, based on 2% of the five-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for HFCL, warranting attention from market participants.