Shriram Finance Sees 12.92% Surge in Open Interest, Totaling 96,946 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 96,946, reflecting a rise of 11,095 from the previous open interest of 85,851, marking a percentage change of 12.92%. This surge in open interest comes alongside a trading volume of 54,465, indicating heightened activity in the stock.
In terms of price performance, Shriram Finance has outperformed its sector by 0.72% today, with the stock gaining 7.49% over the past six days. The stock reached an intraday high of Rs 730.3, representing a 2.08% increase. Additionally, Shriram Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The delivery volume on October 24 was recorded at 33.25 lakh, which is a 19.45% increase compared to the 5-day average delivery volume, indicating rising investor participation. With a market capitalization of Rs 1,36,192.23 crore, Shriram Finance continues to demonstrate robust liquidity, supporting trade sizes of Rs 7.33 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and positive performance metrics highlight the stock's current market dynamics.