Surge in Open Interest for Shriram Finance Signals Complex Trading Environment

Apr 28 2025 11:00 AM IST
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Shriram Finance Ltd has seen a notable rise in open interest, reaching 69,861 contracts, alongside a trading volume of 88,255 contracts. Despite this increase, the stock has underperformed, experiencing a decline of 6.48% today and a 13.01% drop over the past three days, indicating a challenging market environment.
Shriram Finance Ltd, a prominent player in the Finance/NBFC sector, has experienced a significant increase in open interest today. The latest open interest stands at 69,861 contracts, marking a rise of 12,352 contracts or 21.48% from the previous open interest of 57,509. The trading volume for the day reached 88,255 contracts, contributing to a total futures value of approximately Rs 90,538 lakhs.

Despite this uptick in open interest, Shriram Finance has underperformed relative to its sector, with a decline of 6.48% today. The stock has been on a downward trend, losing 13.01% over the past three days. It opened the day with a loss of 4.96% and hit an intraday low of Rs 596.15, reflecting a decrease of 9.01%.

In terms of liquidity, the stock remains accessible for trading, with a delivery volume of 49.41 lakh shares on April 25, which is an increase of 82.05% compared to the five-day average. Currently, Shriram Finance is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. Overall, the notable rise in open interest amidst a declining price trend highlights the complexities of the current trading environment for Shriram Finance.
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