L&T Finance Ltd Sees 22.13% Surge in Open Interest Amid Increased Trading Activity
L&T Finance Ltd has seen a notable rise in open interest, reaching 17,805 contracts, alongside a trading volume of 19,323 contracts. The stock hit a new all-time high of Rs 257.18, while recent performance shows an 8.8% gain over three days, despite a decline in delivery volume.
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 17,805 contracts, marking a rise of 3,226 contracts or 22.13% from the previous open interest of 14,579. This surge coincides with a trading volume of 19,323 contracts, reflecting robust market activity.The stock has reached a new 52-week and all-time high of Rs 257.18, representing a 3.17% increase during the trading session. Over the past three days, L&T Finance has shown consistent performance, gaining 8.8% in returns. Notably, it has outperformed its sector by 2.78% today, with a one-day return of 3.06%, compared to the sector's return of 0.28% and the Sensex's return of 0.66%.
Despite the positive price movement, there has been a decline in investor participation, with delivery volume falling by 18.2% against the five-day average. L&T Finance remains liquid, with a trading capacity sufficient for a trade size of Rs 3.56 crore, based on 2% of the five-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for L&T Finance Ltd.
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