Max Financial Services Sees Surge in Open Interest Amid Strong Market Activity

May 23 2025 03:00 PM IST
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Max Financial Services Ltd has seen a notable rise in open interest, indicating increased market activity. The stock reached a new all-time high, outperforming its sector and showing consistent upward momentum. With strong liquidity and significant trading volume, it reflects solid performance within the insurance industry.
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 16,148 contracts, up from the previous 14,036, marking a change of 2,112 contracts or a 15.05% increase. The trading volume for the day reached 32,963 contracts, indicating robust participation in the market.

In terms of price performance, Max Financial Services hit a new 52-week and all-time high of Rs 1,474.6, representing a 4.29% increase for the day. The stock has outperformed its sector by 4.34% and has shown a consistent upward trend, gaining 6.64% over the last three days. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish momentum.

The liquidity of the stock remains favorable, with a delivery volume of 24.87 lakh shares on May 22, reflecting a 158.98% increase compared to the 5-day average. Overall, Max Financial Services continues to demonstrate solid performance metrics within the insurance industry, supported by a substantial market capitalization of Rs 50,731.87 crore.
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