Federal Bank Ltd Sees 13.65% Surge in Open Interest, Reaching 41,838 Contracts

Federal Bank Ltd, a prominent player in the private sector banking industry, has experienced a significant increase in open interest (OI) today. The latest OI stands at 41,838 contracts, reflecting a rise of 5,025 contracts or 13.65% from the previous OI of 36,813. This uptick in OI comes alongside a trading volume of 46,237, indicating heightened activity in the stock.
In terms of price performance, Federal Bank is currently trading just 2.85% below its 52-week high of Rs 220. The stock has shown resilience, outperforming its sector by 0.63% today, and has recorded consecutive gains over the past seven days, accumulating a total return of 11.19% during this period. Notably, Federal Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock has seen a notable increase in delivery volume, with 76.89 lakh shares delivered on October 13, marking a 95.27% rise compared to the 5-day average. With a market capitalization of Rs 52,878 crore, Federal Bank continues to demonstrate robust liquidity, supporting trade sizes of Rs 4.74 crore based on 2% of the 5-day average traded value. Overall, the recent surge in open interest and positive performance metrics highlight the stock's active trading environment.