IIFL Finance Sees 19.54% Surge in Open Interest Amid Price Rebound

IIFL Finance Ltd, a small-cap player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant increase in open interest today. The latest open interest stands at 20,210 contracts, reflecting a rise of 3,304 contracts or 19.54% from the previous open interest of 16,906. This uptick comes alongside a trading volume of 34,571 contracts, indicating active market participation.
In terms of price performance, IIFL Finance is currently trading just 1.8% below its 52-week high of Rs 559.75, having reached an intraday high of Rs 558, which marks a 3.78% increase for the day. The stock has notably outperformed its sector, delivering a 1D return of 2.08%, compared to the sector's return of 0.44% and the Sensex's decline of 0.34%.

Despite this positive momentum, there has been a decline in delivery volume, which fell by 67.85% against the five-day average. However, the stock remains liquid enough for trades sized at Rs 1.18 crore, based on 2% of the five-day average traded value. Overall, the notable rise in open interest and the stock's performance metrics highlight a dynamic trading environment for IIFL Finance.