Surge in Open Interest Signals Increased Trading Activity for Bandhan Bank Ltd.

Apr 23 2025 01:00 PM IST
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Bandhan Bank Ltd. has seen a notable rise in open interest, reaching 53,978 contracts, alongside a trading volume of 21,887 contracts. The stock has outperformed its sector and demonstrated consistent gains over the past week, with increased investor participation and robust liquidity in trading activities.
Bandhan Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 53,978 contracts, up from the previous figure of 49,041, marking a change of 4,937 contracts or a 10.07% increase. The trading volume for the day reached 21,887 contracts, contributing to a total futures value of approximately Rs 62,093.49 lakhs.

In terms of performance, Bandhan Bank has outperformed its sector by 1.7% today, with a 1D return of 0.49%. The stock has shown consistent gains over the past week, accumulating a total return of 15.42%. Notably, it has maintained trading levels above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Investor participation has also risen, with a delivery volume of 69.91 lakhs on April 22, reflecting a 39.49% increase compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 3.03 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest for Bandhan Bank underscores a dynamic trading environment for the stock.
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