Shriram Finance Sees 14.57% Surge in Open Interest Amid Increased Trading Activity

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 71,295, marking a rise of 9,065 from the previous open interest of 62,230, which translates to a percentage change of 14.57%. The trading volume for the day reached 85,277, indicating robust activity in the stock.
In terms of price performance, Shriram Finance has outperformed its sector by 4.92%, with a notable 1D return of 4.82%. The stock has been on a positive trajectory, gaining for the last two consecutive days and achieving a total return of 5.74% during this period. Today, it reached an intraday high of Rs 648, reflecting a 5.18% increase.

Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The delivery volume has also seen a substantial rise, increasing by 58.11% against the 5-day average. With a market capitalization of Rs 1,18,212.00 crore, Shriram Finance continues to demonstrate solid liquidity, making it a notable entity in the financial markets.