IIFL Finance Sees Significant Open Interest Surge Amid Strong Market Activity

May 30 2025 01:00 PM IST
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IIFL Finance Ltd has seen a notable rise in open interest, reaching 9,372 contracts, alongside a trading volume of 5,818 contracts. The stock has outperformed its sector, achieving eight consecutive days of gains and trading above key moving averages, indicating strong market momentum and liquidity.
IIFL Finance Ltd, a midcap player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant increase in open interest today. The latest open interest stands at 9,372 contracts, reflecting a rise of 971 contracts or 11.56% from the previous open interest of 8,401. The trading volume for the day reached 5,818 contracts, indicating robust activity in the market.

In terms of performance, IIFL Finance has outperformed its sector by 1.69%, marking its eighth consecutive day of gains with a total return of 7.28% during this period. The stock reached an intraday high of Rs 439.6, representing a 2.79% increase for the day. Additionally, IIFL Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The stock's delivery volume has also seen a notable increase, with 574,000 shares delivered on May 29, up 37.61% compared to the 5-day average. With a market capitalization of Rs 18,186 crore, IIFL Finance continues to demonstrate liquidity, supporting trade sizes of Rs 1.15 crore based on 2% of the 5-day average traded value. Overall, the surge in open interest and positive performance metrics highlight the stock's current market dynamics.
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