Shriram Finance Sees Surge in Open Interest Amid Increased Trading Activity

Apr 21 2025 12:00 PM IST
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Shriram Finance Ltd has seen a notable rise in open interest, indicating increased trading activity, with current figures at 61,589 contracts. The stock has outperformed its sector and demonstrated a strong upward trend over the past week, despite a decline in delivery volume. The company maintains robust liquidity and a significant market capitalization.
Shriram Finance Ltd, a prominent player in the Finance/NBFC sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 61,589 contracts, up from the previous 54,258, marking a change of 7,331 contracts or a 13.51% increase. The trading volume for the day reached 33,938 contracts, contributing to a futures value of approximately Rs 78,148.88 lakhs.

In terms of price performance, Shriram Finance has outperformed its sector by 0.28%, with the stock gaining 2.23% today. Over the past five days, it has shown a remarkable upward trend, accumulating a total return of 13.24%. The stock reached an intraday high of Rs 709.45, reflecting a 2.56% increase. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to these benchmarks.

Despite a notable drop in delivery volume, which fell by 43.82% against the 5-day average, Shriram Finance maintains sufficient liquidity for trades, with a market cap of Rs 1,32,980.75 crore. This surge in open interest and consistent price performance underscores the stock's active trading environment.
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