PB Fintech Ltd Sees 11.8% Surge in Open Interest to 35,428 Contracts

PB Fintech Ltd, operating in the Financial Technology sector, has experienced a notable increase in open interest today. The latest open interest stands at 35,428 contracts, reflecting a rise of 3,740 contracts or 11.8% from the previous open interest of 31,688. This uptick coincides with a trading volume of 22,448 contracts, indicating heightened activity in the derivatives market.
In terms of market performance, PB Fintech's stock has underperformed its sector by 1.68%, with a current price reflecting a 1D return of -2.09%. The stock reached an intraday low of Rs 1,803.7, marking a decline of 2.21%. Despite this, PB Fintech is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term positive trend.

The company's market capitalization is approximately Rs 83,325.28 crore, categorizing it as a mid-cap stock. Additionally, the delivery volume on October 30 has surged by 165.93% compared to the 5-day average, indicating increased liquidity, with a trade size capacity of Rs 10.8 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for PB Fintech.