Max Financial Services Sees Surge in Open Interest, Indicating Increased Trading Activity
Max Financial Services Ltd has seen a notable rise in open interest, indicating increased trading activity. The stock's trading volume reached 5,576 contracts, with a total value of approximately Rs 36,811.79 lakhs. Additionally, delivery volume surged significantly, reflecting strong liquidity in the market.
Max Financial Services Ltd (MFSL) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 13,628 contracts, up from the previous 12,091, marking a change of 1,537 contracts or a 12.71% increase. The trading volume for the day reached 5,576 contracts, contributing to a futures value of approximately Rs 36,687.77 lakhs and an options value of Rs 1,856,322.09 lakhs, bringing the total value to Rs 36,811.79 lakhs. The underlying value of the stock is reported at Rs 1,231.In terms of price performance, Max Financial Services is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position relative to these benchmarks. Despite a slight decline today, with a 1D return of 0.23%, the stock's performance remains in line with the sector's return of 0.34% and the Sensex's return of 0.25%. Notably, the stock has seen a substantial increase in delivery volume, which rose by 201.11% compared to the 5-day average, suggesting robust liquidity for trades sized at Rs 4.51 crore. Overall, the increase in open interest highlights a notable shift in trading dynamics for Max Financial Services.
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