Bandhan Bank Sees Surge in Open Interest Amid Mixed Trading Signals

May 02 2025 12:00 PM IST
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Bandhan Bank Ltd. has seen a notable rise in open interest, reaching 58,142 contracts, alongside a trading volume of 53,007 contracts. Despite this activity, the stock has underperformed its sector and experienced a decline in delivery volume, indicating mixed investor sentiment amid recent price fluctuations.
Bandhan Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 58,142 contracts, up from the previous figure of 51,267, marking a change of 6,875 contracts or a 13.41% increase. The trading volume for the day reached 53,007 contracts, contributing to a total futures value of approximately Rs 70,855.40 lakhs.

In terms of price performance, Bandhan Bank has underperformed its sector by 2.32%, with the stock experiencing a consecutive decline over the past two days, resulting in a total drop of 3.38%. The stock reached an intraday high of Rs 173.43, reflecting a gain of 4.72%, while the intraday low was recorded at Rs 162.20, down by 2.06%. The weighted average price indicates that more volume was traded closer to the lower end of the price range.

Despite the increase in open interest, the stock's delivery volume has seen a decline of 32.18% compared to the five-day average, suggesting a decrease in investor participation. Overall, Bandhan Bank's current trading dynamics highlight a complex interplay of increased open interest amid recent price challenges.
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