Surge in Open Interest Signals Increased Trading Activity for Mahindra & Mahindra Financial Services

Apr 02 2025 03:00 PM IST
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Mahindra & Mahindra Financial Services Ltd has seen a notable rise in open interest, reaching 20,400 contracts amid increased trading activity. Despite this, the stock has underperformed, declining 2.77% today and 7.67% over the past three days, while delivery volume has increased significantly.
Mahindra & Mahindra Financial Services Ltd (M&MFIN) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 20,400 contracts, up from the previous 16,426, marking a change of 3,974 contracts or a 24.19% increase. The trading volume for the day reached 17,170 contracts, contributing to a total futures value of approximately Rs 27,305.93 lakhs.

Despite this surge in open interest, M&MFIN has underperformed relative to its sector, with a decline of 2.77% in its stock price today, compared to a sector return of 0.50%. The stock has been on a downward trend, losing 7.67% over the past three days. It touched an intraday low of Rs 267.5, down 3.2% from the previous close, and is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Additionally, the stock has shown rising investor participation, with a delivery volume of 8.26 lakh shares on April 1, reflecting a 13.35% increase against the 5-day average. Overall, the notable increase in open interest amidst a challenging price performance highlights the dynamic trading environment surrounding Mahindra & Mahindra Financial Services.
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