Shriram Finance Sees 19.19% Surge in Open Interest, Reaching 102,914 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 102,914, marking a rise of 16,566 from the previous open interest of 86,348, which translates to a percentage change of 19.19%. This uptick in open interest is accompanied by a trading volume of 65,109, indicating heightened activity in the stock.
In terms of performance, Shriram Finance has outperformed its sector by 0.3%, with a stock return of 0.03% for the day. The stock 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 delivery volume reached 41.85 lakh on October 28, which is a 19.06% increase compared to the 5-day average delivery volume, suggesting rising investor participation.

With a market capitalization of Rs 1,35,139 crore, Shriram Finance continues to demonstrate robust liquidity, suitable for trades sized at Rs 9.13 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.