Federal Bank Sees 10.86% Surge in Open Interest Amid Increased Trading Activity
Federal Bank Ltd has seen a notable rise in open interest, indicating increased trading activity. The stock reached a new 52-week high, outperforming its sector and showing strong price performance. Additionally, delivery volume has significantly increased, reflecting robust liquidity in the stock.
Federal Bank Ltd has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 55,913, up from the previous figure of 50,435, marking a change of 5,478, or an increase of 10.86%. The trading volume for the day reached 80,077, contributing to a futures value of approximately Rs 194,252.47 lakhs and an options value of Rs 74,482,521,300, bringing the total value to Rs 202,897.19 lakhs.In terms of price performance, Federal Bank reached a new 52-week high of Rs 235.2, reflecting a 3.43% increase for the day. The stock has outperformed its sector by 2.4%, with a one-day return of 2.84%, compared to the sector's return of 0.37% and the Sensex's return of 0.68%. Additionally, Federal Bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
The delivery volume on October 24 was recorded at 1.35 crore, which is a notable 53.43% increase compared to the 5-day average delivery volume, suggesting robust liquidity in the stock. Overall, the increase in open interest and strong price performance highlight a dynamic trading environment for Federal Bank.
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