Surge in Open Interest Signals Increased Trading Activity for Mahindra & Mahindra Financial Services
Mahindra & Mahindra Financial Services Ltd (M&MFIN) has seen a significant rise in open interest, reaching 27,646 contracts, alongside a trading volume of 17,010 contracts. The stock has outperformed its sector, although it remains below key moving averages, indicating a potential trend shift in trading dynamics.
Mahindra & Mahindra Financial Services Ltd (M&MFIN) has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 27,646 contracts, up from the previous open interest of 24,636, marking a change of 3,010 contracts or a 12.22% increase. The trading volume for the day reached 17,010 contracts, contributing to a total futures value of approximately Rs 55,167.10 lakhs.In terms of price performance, M&MFIN outperformed its sector by 2.22%, with the stock touching an intraday high of Rs 270.3, representing a 3.5% increase. However, it is important to note that the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential trend of declining momentum. Additionally, delivery volume has seen a significant drop, falling by 50.11% compared to the 5-day average.
With a market capitalization of Rs 36,765.00 crore, Mahindra & Mahindra Financial Services operates within the Non-Banking Financial Company (NBFC) sector, showcasing its position as a large-cap entity. The increase in open interest today highlights a shift in trading dynamics, warranting attention from market participants.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
