Shriram Finance Sees 19.99% Surge in Open Interest, Reaching 100,336 Contracts
Shriram Finance Ltd has seen a notable rise in open interest, reaching 100,336, alongside a trading volume of 77,051. The stock has outperformed its sector and demonstrated consistent gains over the past week. Its delivery volume significantly increased, indicating strong market activity and liquidity.
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 100,336, reflecting a rise of 16,716 from the previous open interest of 83,620, marking a notable change of 19.99%. The trading volume for the day reached 77,051, indicating robust activity in the stock.In terms of performance, Shriram Finance has outperformed its sector by 0.84% today, with a 1D return of 0.50%. The stock has shown consistent gains over the past five days, accumulating a total return of 6.04%. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.
Additionally, the stock's delivery volume on October 23 was recorded at 54.76 lakh, which is a substantial increase of 142.57% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,34,160.64 crore, Shriram Finance remains a liquid option for trades, with a liquidity level sufficient for a trade size of Rs 7.03 crore. Overall, the increase in open interest and strong trading metrics highlight the stock's active market presence today.
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