Surge in Open Interest for IIFL Finance Signals Shift in Market Dynamics
IIFL Finance Ltd has seen a significant rise in open interest, reaching 6,642 contracts, alongside a trading volume of 1,619 contracts. Despite this, the stock has underperformed its sector and is trading below several key moving averages, although delivery volume has notably increased, indicating heightened investor interest.
IIFL Finance Ltd, a mid-cap player in the Finance/NBFC sector, has experienced a notable increase in open interest today. The latest open interest stands at 6,642 contracts, reflecting a rise of 673 contracts or 11.27% from the previous open interest of 5,969. The trading volume for the day reached 1,619 contracts, contributing to a total futures value of approximately Rs 2,433.36 lakhs and an options value of Rs 618,266,619, culminating in a total value of Rs 2,652.33 lakhs.In terms of price performance, IIFL Finance has underperformed its sector by 2.89%, with the stock touching an intraday low of Rs 326, marking a decline of 3.24%. The weighted average price indicates that more volume was traded closer to this low price. While the stock remains above its 20-day moving averages, it is trading below the 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, delivery volume has seen a significant increase of 73.53% compared to the 5-day average, suggesting rising investor participation.
In summary, the increase in open interest for IIFL Finance highlights a shift in market dynamics, while the stock's current performance metrics reflect a challenging trading environment.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
