Shriram Finance Ltd Sees 12.6% Surge in Open Interest Amid Increased Trading Activity

Shriram Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant increase in open interest today. The latest open interest stands at 92,304, marking a rise of 10,332 from the previous open interest of 81,972, which translates to a percentage change of 12.6%. The trading volume for the day reached 66,846, indicating robust activity in the stock.
In terms of price performance, Shriram Finance has outperformed its sector by 2.48%, with a notable 1-day return of 2.78%. The stock has shown consistent gains over the past four days, accumulating a total return of 6.3% during this period. Today, it reached an intraday high of Rs 715.95, reflecting a 2.98% increase.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 87.11% compared to the 5-day average. Nevertheless, the stock remains liquid enough for trades sized at Rs 5.71 crore, based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest highlights a dynamic trading environment for Shriram Finance, underscoring its current market position.