Surge in Open Interest Signals Increased Trading Activity for Mahindra & Mahindra Financial Services

Apr 01 2025 02:00 PM IST
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Mahindra & Mahindra Financial Services Ltd has seen a notable rise in open interest, reaching 16,204 contracts, alongside a trading volume of 15,631 contracts. Despite this increased activity, the stock has underperformed its sector, experiencing consecutive losses 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 activity in its trading. The latest open interest stands at 16,204 contracts, up from the previous 13,012, marking a change of 3,192 contracts or a 24.53% increase. The trading volume for the day reached 15,631 contracts, contributing to a total futures value of approximately Rs 22,849.14 lakhs.

Despite this surge in open interest, M&MFIN has underperformed its sector, showing a decline of 1.92% compared to the finance/NBFC industry. The stock has faced consecutive losses over the past two days, with a total drop of 5.64%. Today, it touched an intraday low of Rs 269.8, reflecting a decrease of 4.66% from its previous close.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable rise in delivery volume, which increased by 149.62% against the 5-day average, suggesting a shift in trading dynamics. Overall, the increase in open interest highlights a notable shift in market activity for Mahindra & Mahindra Financial Services Ltd.
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