Shriram Finance Sees 12.43% Surge in Open Interest, Reaching 94,012 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 94,012, marking a rise of 10,392 from the previous open interest of 83,620, which translates to a percentage change of 12.43%. This surge in open interest coincides with a trading volume of 57,458, indicating heightened activity in the stock.
In terms of performance, Shriram Finance has outperformed its sector by 1.39% today, with a 1D return of 1.23%. The stock has shown consistent gains over the past five days, accumulating a total return of 6.79% during this period. Notably, Shriram Finance is 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 54.76 lakh on October 23, representing a remarkable increase of 142.57% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,35,073 crore, Shriram Finance remains a liquid option for trades, accommodating sizes up to Rs 7.03 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and robust trading metrics underscore the stock's active market presence.