Surge in Open Interest for M&MFIN Signals Increased Trading Activity Amid Price Decline

Apr 01 2025 12:00 PM IST
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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.
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