L&T Finance Ltd Sees 10.03% Surge in Open Interest to 25,601 Contracts

L&T Finance Ltd, a mid-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 25,601 contracts, reflecting a rise of 2,333 contracts or 10.03% from the previous open interest of 23,268. This uptick in open interest coincides with a trading volume of 22,130 contracts, indicating active participation in the market.
In terms of price performance, L&T Finance reached a new 52-week and all-time high of Rs 270.4, marking a 2.84% increase during the trading session. The stock has outperformed its sector by 0.71%, showcasing its relative strength. Additionally, L&T Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price trajectory.

However, it is noteworthy that the delivery volume has seen a decline, with a reported 16.46 lakh shares delivered on October 14, down by 12.45% compared to the 5-day average. The liquidity remains robust, with the stock being liquid enough for a trade size of Rs 3.05 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's performance metrics highlight a dynamic trading environment for L&T Finance Ltd.