MRF Ltd. Sees Significant Surge in Open Interest Amid Increased Trading Activity

May 07 2025 02:00 PM IST
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MRF Ltd. has seen a notable rise in open interest, reaching 18,267 contracts, indicating increased trading activity. The day's trading volume hit 16,600 contracts, with a total futures value of approximately Rs 36,879.88 lakhs. The stock is trading near its 52-week high, reflecting strong market engagement.
MRF Ltd., a prominent player in the Tyres & Allied industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 18,267 contracts, marking a rise of 3,273 contracts or 21.83% from the previous open interest of 14,994. The trading volume for the day reached 16,600 contracts, contributing to a total futures value of approximately Rs 36,879.88 lakhs.

In terms of price performance, MRF is currently trading close to its 52-week high, just 1.98% away from Rs 143,849.90. Despite opening the day with a loss of 2.59%, the stock rebounded to touch an intraday high of Rs 141,500, reflecting a gain of 4.82% at its peak. The stock's day low was recorded at Rs 131,500. Notably, MRF has outperformed its sector, which gained 2.18%, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Overall, the notable spurt in open interest for MRF Ltd. indicates a dynamic trading environment, underscoring the stock's active market presence.
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