Shriram Finance Ltd Sees 12.7% Surge in Open Interest to 97,312

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 97,312, marking a rise of 10,964 from the previous open interest of 86,348, which translates to a percentage change of 12.7%. This uptick in open interest is accompanied by a trading volume of 38,621, indicating heightened activity in the stock.
In terms of performance, Shriram Finance has outperformed its sector by 0.58% today, with a 1-day return of 0.79%. The stock has shown consistent gains over the past week, accumulating a total return of 7.38%. Notably, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend.

Additionally, the stock's delivery volume reached 51.77 lakh on October 27, representing an impressive increase of 80.17% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,35,289.00 crore, Shriram Finance continues to demonstrate robust liquidity, making it a notable entity in the financial markets. Overall, the surge in open interest and positive performance metrics highlight the stock's active trading environment.