Shriram Finance Ltd Sees 19.19% Surge in Open Interest to 102,914 Contracts

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 102,914 contracts, marking a notable rise of 16,566 contracts or 19.19% from the previous open interest of 86,348. This surge in open interest coincides with a trading volume of 65,109 contracts, reflecting active market engagement.
In terms of performance, Shriram Finance has outperformed its sector by 0.73%, with a one-day return of 0.70%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price trajectory. However, it is worth noting that delivery volume has decreased by 31.73% compared to the 5-day average, suggesting a decline in investor participation.

With a market capitalization of Rs 1,38,854 crore, Shriram Finance remains a liquid stock, suitable for trades up to Rs 11.45 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a dynamic trading environment for Shriram Finance, reflecting underlying market activity without indicating future price movements.