L&T Finance Sees Surge in Open Interest Amid Strong Derivatives Activity
L&T Finance Ltd has seen a notable rise in open interest, reaching 32,497 contracts, alongside a trading volume of 54,935 contracts. The stock achieved a new 52-week high, reflecting strong performance, although investor participation has declined. Overall, the activity indicates significant interest in the company.
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 32,497 contracts, reflecting a rise of 3,503 contracts or 12.08% from the previous open interest of 28,994. This uptick coincides with a trading volume of 54,935 contracts, indicating robust activity in the derivatives market.In terms of price performance, L&T Finance reached a new 52-week high of Rs. 201.5, marking a 4.25% increase during the trading session. The stock has shown consistent upward momentum, gaining 6.73% over the past three days and outperforming its sector by 2.45%. Notably, L&T Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend.
Despite this positive performance, there has been a decline in investor participation, with delivery volume dropping by 12.26% compared to the 5-day average. The liquidity remains favorable, with the stock being liquid enough for a trade size of Rs 2.43 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and strong price performance highlight the current activity surrounding L&T Finance Ltd.
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