AU Small Finance Bank Sees 11.27% Surge in Open Interest, Reaching 52,771 Contracts

AU Small Finance Bank Ltd (AUBANK) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 52,771 contracts, up from the previous figure of 47,428, marking a change of 5,343 contracts or an 11.27% increase. The trading volume for the day reached 42,753 contracts, contributing to a total futures value of approximately Rs 154.41 lakhs and an options value of around Rs 21,666.86 lakhs, bringing the total value to Rs 156.35 lakhs.
In terms of price performance, AU Small Finance Bank is currently trading just 2.42% below its 52-week high of Rs 884. The stock's performance today aligns closely with the sector, with a 1-day return of -0.88%, slightly better than the sector's return of -0.94% and the Sensex's -0.54%. Notably, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market.

Overall, the increase in open interest and the stock's solid performance metrics suggest a dynamic trading environment for AU Small Finance Bank, reflecting its mid-cap status in the Other Bank industry.