AU Small Finance Bank Sees 13.78% Surge in Open Interest Amid Increased Trading Activity

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 41,759 contracts, up from the previous 36,701, marking a change of 5,058 contracts or a 13.78% increase. The trading volume for the day reached 68,296 contracts, contributing to a total futures value of approximately Rs 115,112.55 lakhs and an options value of Rs 46,083.49 crores, bringing the total to Rs 122,561.87 lakhs.
In terms of price performance, AU Small Finance Bank hit a new 52-week high of Rs 857.2 today, representing an intraday gain of 8.17%. The stock opened with a gain of 3.22% and has outperformed its sector by 5.69%. After two consecutive days of decline, the stock has shown a trend reversal, with a 1-day return of 6.34%, compared to a sector return of just 0.16% and a Sensex return of 0.50%.

Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. The delivery volume on October 17 surged by 230.5% against the 5-day average, suggesting increased liquidity, with the stock being liquid enough for a trade size of Rs 4.79 crore. Overall, the notable rise in open interest and robust trading metrics underscore the stock's active market presence today.