Shriram Finance Sees 14.8% Surge in Open Interest, Reaching 99,129 Contracts

Shriram Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has experienced a notable increase in open interest today. The latest open interest stands at 99,129 contracts, reflecting a significant rise of 12,781 contracts or 14.8% from the previous open interest of 86,348. This surge coincides with a trading volume of 53,199 contracts, indicating heightened activity in the derivatives market.
In terms of overall market performance, Shriram Finance has outperformed its sector by 0.67%, despite a slight decline of 0.28% in its stock price today. The stock has shown resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume on October 27 reached 51.77 lakh shares, marking an impressive increase of 80.17% compared to the 5-day average delivery volume, suggesting robust liquidity.

With a market capitalization of Rs 1,34,978.92 crore, Shriram Finance continues to maintain a strong position within the large-cap segment of the market. The recent developments in open interest and trading volume highlight the dynamic nature of the stock's activity, reflecting ongoing engagement in the market.