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

Mar 24 2025 02:00 PM IST
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Max Financial Services Ltd has seen a notable rise in open interest, reaching 17,462 contracts, alongside a trading volume of 12,225 contracts. Despite underperforming its sector, the stock has shown a five-day gain of 10.72% and improved liquidity, indicating strong trading activity in the finance/NBFC sector.
Max Financial Services Ltd (MFSL) has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 17,462 contracts, a notable rise from the previous open interest of 13,620 contracts, marking a change of 3,842 contracts or 28.21%. The trading volume for the day reached 12,225 contracts, contributing to a futures value of approximately Rs 56,090.42 lakhs.

In terms of price performance, Max Financial Services has underperformed its sector by 0.59% today, despite a five-day consecutive gain that has yielded a total return of 10.72%. The stock reached an intraday high of Rs 1,166.80, reflecting a 2.35% increase during the trading session. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement.

The delivery volume on March 21 was recorded at 6.57 lakh shares, which is a 41.64% increase compared to the 5-day average delivery volume, suggesting improved liquidity. Overall, Max Financial Services continues to show robust trading activity, underscoring its position in the finance/NBFC sector.
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