Max Financial Services Sees Surge in Open Interest Amid Increased Trading Activity

Apr 22 2025 01:00 PM IST
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Max Financial Services Ltd has seen a significant rise in open interest, indicating increased trading activity. The stock's trading volume reached 5,576 contracts, contributing to a total futures and options value of approximately Rs 36,811.79 lakhs. Additionally, delivery volume surged, suggesting enhanced liquidity in the market.
Max Financial Services Ltd (MFSL) has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 13,628 contracts, up from the previous 12,091, marking a change of 1,537 contracts or a 12.71% increase. The trading volume for the day reached 5,576 contracts, contributing to a total futures value of approximately Rs 36,687.77 lakhs and an options value of Rs 1,856,322.09 lakhs, bringing the total value to Rs 36,811.79 lakhs.

In terms of price performance, Max Financial Services has underperformed its sector by 0.67%, with a 1-day return of -0.39%. Despite this, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over the longer term. Additionally, the stock has seen a significant rise in delivery volume, which increased by 201.11% compared to the 5-day average, suggesting a boost in liquidity.

In summary, the increase in open interest alongside the stock's performance metrics highlights a dynamic trading environment for Max Financial Services, reflecting ongoing market engagement.
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