Shriram Finance Sees 14.78% Surge in Open Interest, Reaching 94,084 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 94,084 contracts, reflecting a rise of 12,112 contracts or 14.78% from the previous open interest of 81,972. This uptick coincides with a trading volume of 74,174 contracts, indicating active participation in the market.
In terms of price performance, Shriram Finance has outperformed its sector by 2.71%, with a notable 1-day return of 2.98%. The stock has shown consistent gains over the past four days, accumulating a total return of 6.53% during this period. Today, it reached an intraday high of Rs 717.75, marking a 3.24% increase.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 87.11% compared to the 5-day average. Nevertheless, the stock remains liquid, with a trading capacity sufficient for a trade size of Rs 5.71 crore, based on 2% of the 5-day average traded value. Overall, the notable rise in open interest highlights a dynamic trading environment for Shriram Finance.