Shriram Finance Sees Surge in Open Interest Amid Increased Trading Activity
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.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
