Kotak Mahindra Bank Sees Surge in Open Interest Amid Strong Trading Activity

Apr 21 2025 02:00 PM IST
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Kotak Mahindra Bank Ltd has seen a notable rise in open interest, reaching 133,528 contracts, alongside a trading volume of 171,673 contracts. The stock achieved a new 52-week high and has shown consistent gains, reflecting a strong performance in the derivatives market and overall active trading environment.
Kotak Mahindra Bank Ltd (KOTAKBANK) has experienced a significant increase in open interest today, with the latest open interest reported at 133,528 contracts, up from the previous 120,044 contracts. This marks a change of 13,484 contracts, reflecting an 11.23% increase. The trading volume for the day reached 171,673 contracts, indicating robust activity in the derivatives market.

In terms of price performance, Kotak Mahindra Bank hit a new 52-week high of Rs 2,261.2, representing a 3.34% increase for the day. The stock has outperformed its sector by 1.11% and has shown consistent gains over the past five days, accumulating a total return of 9.36%. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The delivery volume on April 17 was recorded at 34.78 lakh shares, which is a 17.45% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 4,40,153 crore, Kotak Mahindra Bank remains a significant player in the private banking sector. Overall, the notable rise in open interest and strong price performance underscores the stock's active trading environment today.
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