Shriram Finance Sees 16.66% Surge in Open Interest, Totaling 97,555 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 97,555 contracts, marking a notable rise of 13,935 contracts or 16.66% from the previous open interest of 83,620. This surge in open interest coincides with a trading volume of 66,757 contracts, indicating heightened activity in the stock.
In terms of performance, Shriram Finance has outperformed its sector by 1.29% today, with a 1.37% return on the day. The stock has shown consistent gains over the past five days, accumulating a total return of 6.83%. It is currently 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 shares on October 23, representing a substantial increase of 142.57% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,35,073 crore, Shriram Finance continues to demonstrate robust liquidity, supporting trade sizes of Rs 7.03 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and strong performance metrics highlight the stock's active trading environment.