Max Financial Services Sees Surge in Open Interest Amid Increased Trading Activity
Max Financial Services Ltd has seen a notable rise in open interest, indicating increased trading activity. The stock reached a new all-time high, with significant trading volume and delivery participation. Its strong performance is reflected in its market capitalization and liquidity, highlighting a vibrant trading environment.
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 13,417 contracts, up from the previous 11,783, marking a change of 1,634 contracts or a 13.87% increase. The trading volume for the day reached 20,897 contracts, contributing to a total futures value of approximately Rs 32,798.40 lakhs.In terms of price performance, Max Financial Services hit a new 52-week and all-time high of Rs 1,351, representing a 4.72% increase during intraday trading. The stock opened with a gain of 2.4%, outperforming its sector by 1.69%. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Additionally, the stock has shown rising investor participation, with a delivery volume of 3.74 lakh shares on May 13, reflecting a 3.23% increase compared to the 5-day average. With a market capitalization of Rs 45,665.59 crore, Max Financial Services continues to demonstrate robust liquidity, suitable for trades of Rs 0.36 crore. Overall, the notable spurt in open interest and strong price performance underscores the stock's active trading environment.
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