IIFL Finance Sees 13.27% Surge in Open Interest, Reaching 19,149 Contracts

IIFL Finance Ltd, a small-cap player in the Non-Banking Financial Company (NBFC) sector, has experienced a notable increase in open interest today. The latest open interest stands at 19,149 contracts, reflecting a rise of 2,243 contracts or 13.27% from the previous open interest of 16,906. The trading volume for the day reached 22,477 contracts, indicating robust activity in the market.
In terms of price performance, IIFL Finance is currently trading just 1.16% below its 52-week high of Rs 559.75. The stock has shown resilience, gaining 3.06% today, outperforming its sector, which recorded a modest return of 0.18%. Notably, the stock has reversed its trend after three consecutive days of decline, reaching an intraday high of Rs 557.7, a 3.73% increase.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 67.85% compared to the five-day average. Nevertheless, the stock remains liquid, with a trading capacity of Rs 1.18 crore based on 2% of the five-day average traded value. Overall, the increase in open interest and the stock's performance today highlight significant market activity for IIFL Finance.