IIFL Finance Sees Surge in Open Interest Amid Increased Trading Activity
IIFL Finance Ltd has seen a notable rise in open interest, indicating increased trading activity, with current figures at 16,722 contracts. The stock has outperformed its sector, gaining 4.95% today and achieving a total return of 12.15% over three days, alongside a significant increase in delivery volume.
IIFL Finance Ltd has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 16,722 contracts, up from the previous 14,585, marking a change of 2,137 contracts or a 14.65% increase. The trading volume for the day reached 22,778 contracts, contributing to a total futures value of approximately Rs 33,126.90 lakhs and an options value of Rs 11,312,512.51 lakhs.In terms of price performance, IIFL Finance has outperformed its sector by 3.93% today, with the stock gaining 4.95% on the day. It has shown consistent upward momentum, achieving a total return of 12.15% over the last three days. The stock opened with a gain of 2.56% and reached an intraday high of Rs 411.80, reflecting a 6.09% increase.
Additionally, the stock's delivery volume has seen a notable rise, with 6.73 lakh shares delivered on May 12, up 30.27% compared to the five-day average. IIFL Finance, operating in the Finance/NBFC sector with a market capitalization of Rs 17,306.66 crore, continues to demonstrate robust trading dynamics. Overall, the increase in open interest and positive price movements highlight the stock's active market engagement.
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