Max Financial Services Sees Surge in Open Interest Amid Active Trading Environment
Max Financial Services Ltd has seen a significant rise in open interest, reaching 10,694 contracts, alongside a trading volume of 16,152 contracts. The stock achieved a new all-time high of Rs 1,674.80, reflecting strong upward momentum despite a decline in delivery volume.
Max Financial Services Ltd (MFSL) has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 10,694 contracts, up from the previous figure of 9,488, marking a change of 1,206 contracts or a 12.71% increase. The trading volume for the day reached 16,152 contracts, contributing to a futures value of approximately Rs 38,279.32 lakhs and an options value of Rs 17,713.88 crores, bringing the total value to around Rs 40,536.99 lakhs.In terms of price performance, Max Financial Services hit a new 52-week and all-time high of Rs 1,674.80 today, reflecting a 4.79% increase during the trading session. The stock has shown consistent gains over the past two days, with a total return of 2.91% in this period. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Despite a decline in delivery volume, which fell by 50.81% compared to the 5-day average, the stock remains liquid enough for trades of Rs 2.02 crores based on 2% of the 5-day average traded value. Overall, the increase in open interest and robust price performance underscores the stock's active trading environment.
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