IIFL Finance Sees Significant Open Interest Surge Amid Increased Trading Activity

IIFL Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant increase in open interest today. The latest open interest stands at 17,216 contracts, marking a notable rise of 4,179 contracts or 32.05% from the previous open interest of 13,037. This surge in open interest coincides with a trading volume of 29,245 contracts, reflecting heightened activity in the stock.
In terms of performance, IIFL Finance has outperformed its sector by 3.1% today, continuing a positive trend with gains over the last three days, accumulating a total return of 5.89% during this period. The stock reached an intraday high of Rs 495.5, representing a 4.35% increase. Furthermore, IIFL Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum.

With a market capitalization of Rs 20,755.73 crore, IIFL Finance remains a liquid stock, with a delivery volume of 27.54 lakh shares on July 4, reflecting a 145.1% increase compared to the 5-day average. Overall, the notable rise in open interest and robust trading metrics highlight the stock's active market presence.