Shriram Finance Sees 21.68% Surge in Open Interest, Reaching 101,746 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 101,746 contracts, marking a notable rise of 18,126 contracts or 21.68% from the previous open interest of 83,620. This surge in open interest coincides with a trading volume of 87,951 contracts, indicating heightened activity in the stock.
In terms of performance, Shriram Finance has outperformed its sector by 0.89% today, with a 1-day return of 0.38%. The stock has shown consistent gains over the past five days, accumulating a total return of 6.08%. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend.

The delivery volume on October 23 reached 54.76 lakh shares, a remarkable increase of 142.57% compared to the 5-day average delivery volume, suggesting robust liquidity. With a market capitalization of approximately Rs 1,34,000.74 crore, Shriram Finance continues to maintain a solid position in the market. Overall, the increase in open interest and trading activity highlights the stock's current momentum within the financial landscape.