Max Financial Services Sees Surge in Open Interest Amid Increased Trading Activity

Mar 24 2025 01:00 PM IST
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Max Financial Services Ltd has seen a notable rise in open interest, reaching 16,718 contracts, alongside a trading volume of 10,507 contracts. The stock has gained 11.34% over the past five days and is trading above key moving averages, reflecting strong market engagement and a solid position in the Finance/NBFC sector.
Max Financial Services Ltd (MFSL) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 16,718 contracts, up from the previous 13,620, marking a change of 3,098 contracts or a 22.75% increase. The trading volume for the day reached 10,507 contracts, contributing to a total futures value of approximately Rs 44,638 lakhs.

In terms of price performance, Max Financial has shown resilience, gaining 11.34% over the past five days. Today, the stock reached an intraday high of Rs 1,166.8, reflecting a 2.35% increase. The stock 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 delivery volume on March 21 was recorded at 657,000 shares, which is a notable 41.64% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 39,802 crore, Max Financial Services continues to maintain a solid position within the Finance/NBFC sector. Overall, the increase in open interest and trading volume underscores the stock's active market engagement.
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