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

May 02 2025 03:00 PM IST
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Bandhan Bank Ltd. has seen a notable rise in open interest, reaching 58,876 contracts, alongside a trading volume of 69,627 contracts, indicating strong market activity. Despite recent price declines and volatility, the stock remains liquid, reflecting a dynamic trading environment for investors.
Bandhan Bank Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 58,876 contracts, up from the previous 51,267, marking a change of 7,609 contracts or a 14.84% increase. The trading volume for the day reached 69,627 contracts, indicating robust engagement in the market.

In terms of price performance, Bandhan Bank has underperformed its sector by 2.24%, with the stock experiencing a consecutive decline over the last two days, resulting in a total drop of 3.72%. The stock's intraday high was recorded at Rs 173.43, reflecting a gain of 4.72%, while it dipped to an intraday low of Rs 161.15, a decrease of 2.7%. The weighted average price suggests that more volume was traded closer to the lower end of the price range, highlighting high volatility with an intraday fluctuation of 5%.

Despite these fluctuations, the stock remains liquid enough for trades of Rs 1.08 crore, based on 2% of the five-day average traded value. Overall, the increase in open interest alongside the stock's recent performance underscores a dynamic trading environment for Bandhan Bank.
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