Surge in Open Interest for M&MFIN Signals Increased Trading Activity Amid Price Decline
Mahindra & Mahindra Financial Services Ltd has seen a notable rise in open interest, reaching 15,785 contracts, alongside increased trading volume of 10,617 contracts. Despite this activity, the stock has underperformed, declining 4.29% today and trading below key moving averages, indicating a bearish trend.
Mahindra & Mahindra Financial Services Ltd (M&MFIN) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 15,785 contracts, up from the previous figure of 13,012, marking a change of 2,773 contracts or a 21.31% increase. The trading volume for the day reached 10,617 contracts, contributing to a total futures value of approximately Rs 15,399.04 lakhs.Despite this surge in open interest, M&MFIN has underperformed relative to its sector, with a decline of 4.29% in its stock price today, compared to a sector decline of 1.73%. The stock has been on a downward trend for the past two days, accumulating a total loss of 5.88% during this period. The intraday low was recorded at Rs 273, reflecting a decrease of 3.53% from the previous close.
Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Notably, delivery volume has surged by 149.62% compared to the 5-day average, suggesting increased participation in the stock. Overall, the notable rise in open interest amidst a declining stock price presents a complex picture for Mahindra & Mahindra Financial Services Ltd.
{{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
Most Read
