Surge in Open Interest Signals Increased Activity for Shriram Finance Ltd Stock

Jun 09 2025 02:00 PM IST
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Shriram Finance Ltd has seen a notable rise in open interest, reaching 72,347 contracts, alongside a trading volume of 73,571 contracts, indicating increased market activity. The stock has gained 1.50% today and has shown strong performance over the past three days, trading above key moving averages.
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 72,347 contracts, reflecting a rise of 8,879 contracts or 13.99% from the previous open interest of 63,468. This surge in open interest coincides with a trading volume of 73,571 contracts, indicating heightened activity in the stock.

In terms of price performance, Shriram Finance has shown resilience, gaining 1.50% on the day, although it underperformed its sector, which saw a 1.80% increase. The stock has been on an upward trajectory for the past three days, accumulating a total return of 8.52% during this period. Today, it reached an intraday high of Rs 715.9, marking a 4.02% increase.

Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong trend. The liquidity remains robust, with a delivery volume of 95.03 lakh shares on June 6, reflecting a 235.16% increase compared to the 5-day average delivery volume. Overall, the notable rise in open interest and consistent performance metrics highlight Shriram Finance's active market presence.
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