L&T Finance Sees Surge in Open Interest Amid Strong Market Activity
L&T Finance Ltd has seen a notable rise in open interest, reaching 25,188 contracts, alongside a trading volume of 40,187. The stock achieved a new all-time high of Rs 250.79 and has shown consistent upward momentum, outperforming its sector. Its market capitalization stands at approximately Rs 61,309 crore.
L&T Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant increase in open interest today. The latest open interest stands at 25,188 contracts, reflecting a rise of 2,635 contracts or 11.68% from the previous open interest of 22,553. The trading volume for the day reached 40,187, indicating robust activity in the market.In terms of price performance, L&T Finance hit a new 52-week and all-time high of Rs 250.79, marking a 3.25% increase during the trading session. The stock has shown consistent upward momentum, gaining 6.45% over the past six days, outperforming its sector by 1.76%. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend.
Additionally, the stock's liquidity remains favorable, with a delivery volume of 24.75 lakh shares on September 17, which is 30.4% higher than the 5-day average delivery volume. The total market capitalization of L&T Finance is approximately Rs 61,309 crore, positioning it firmly within the mid-cap category. Overall, the notable increase in open interest and strong price performance underscores the stock's active trading environment.
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