SRF Ltd. Sees 15.17% Surge in Open Interest Amid Increased Trading Activity

SRF Ltd., a prominent player in the specialty chemicals sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 30,800 contracts, marking a rise of 4,056 contracts or 15.17% from the previous open interest of 26,744. This surge coincides with a trading volume of 21,321 contracts, indicating robust market engagement.
In terms of price performance, SRF Ltd. has underperformed its sector by 0.46%, with a 1-day return of -0.28%. Over the past three days, the stock has seen a decline of 3.52%. Despite this recent downturn, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average.

Notably, the delivery volume on October 23 reached 362,000 shares, a substantial increase of 73.77% compared to the 5-day average delivery volume, suggesting a rise in investor participation. With a market capitalization of approximately Rs 90,966.85 crore, SRF Ltd. continues to maintain liquidity suitable for trades up to Rs 2.08 crore, reflecting its position as a mid-cap stock in the specialty chemicals industry. Overall, the increase in open interest highlights a notable shift in trading dynamics for SRF Ltd.