Surge in Open Interest for Shriram Finance Signals Shift in Trading Activity Amid Performance Challenges

Apr 25 2025 02:00 PM IST
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Shriram Finance Ltd has seen a significant rise in open interest, reaching 49,924 contracts, alongside a trading volume of 29,253 contracts. Despite this increase, the stock has underperformed, declining over the past two days and remaining below its 5-day moving average, while still above longer-term averages.
Shriram Finance Ltd, a prominent player in the Finance/NBFC sector, has experienced a notable increase in open interest today. The latest open interest stands at 49,924 contracts, reflecting a rise of 5,037 contracts or 11.22% from the previous open interest of 44,887. The trading volume for the day reached 29,253 contracts, contributing to a total futures value of approximately Rs 50,535.58 lakhs and an options value of Rs 10,476.98 crores.

Despite this surge in open interest, Shriram Finance's stock performance has underperformed its sector, showing a decline of 1.64% today. The stock has faced consecutive losses over the past two days, with a total drop of 4.04%. It touched an intraday low of Rs 668.1, down 4.1% from the previous close. The weighted average price indicates that more volume was traded closer to this low price.

Additionally, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average. With a market capitalization of Rs 1,27,076.34 crore, Shriram Finance continues to maintain liquidity suitable for trades around Rs 7.6 crore. Overall, the increase in open interest highlights a significant shift in trading activity, even as the stock grapples with recent performance challenges.
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