Surge in Open Interest Signals Increased Trading Activity for Bandhan Bank Ltd.
Bandhan Bank Ltd. has seen a notable rise in open interest, reaching 53,031 contracts, alongside a trading volume of 38,669 contracts. The stock has outperformed its sector and demonstrated consistent gains over the past four days, although delivery volume has decreased significantly, indicating changing investor participation.
Bandhan Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 53,031 contracts, up from the previous figure of 47,658, marking a change of 5,373 contracts or an 11.27% increase. This surge in open interest coincides with a trading volume of 38,669 contracts, indicating robust market engagement.In terms of performance, Bandhan Bank has outperformed its sector by 1.57% today, with a 1D return of 0.68%. The stock has shown consistent gains over the past four days, accumulating a total return of 6.32% during this period. Additionally, Bandhan Bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.
However, it is noteworthy that the delivery volume has decreased by 38.29% compared to the 5-day average, indicating a potential decline in investor participation. The stock remains liquid, with a trading capacity of Rs 3.19 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in trading dynamics for Bandhan Bank, reflecting the current market sentiment.
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