LIC Housing Finance Sees 13.63% Surge in Open Interest to 51,784 Contracts

LIC Housing Finance Ltd has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 51,784 contracts, up from the previous open interest of 45,572 contracts, marking a change of 6,212 contracts or a 13.63% increase. The trading volume for the day reached 27,505 contracts, contributing to a futures value of approximately Rs 88,094.06 lakhs.
Despite this uptick in open interest, LIC Housing Finance has underperformed its sector, with a 1-day return of -0.43%, compared to a sector return of -0.02%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its price performance. Additionally, the delivery volume has seen a significant decline, falling by 48.31% against the 5-day average delivery volume.

With a market capitalization of Rs 31,244.00 crore, LIC Housing Finance remains a mid-cap player in the housing finance industry. The increase in open interest, coupled with the current trading metrics, highlights the stock's activity in the market, although it continues to face challenges in price performance.