PNB Housing Finance Sees 11.32% Surge in Open Interest, Reaching 42,640 Contracts

PNB Housing Finance Ltd has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 42,640, up from the previous figure of 38,303, marking a change of 4,337, or an 11.32% increase. The trading volume for the day reached 29,648, contributing to a total futures value of approximately Rs 50,485.40 lakhs and an options value of Rs 12,578.93 crores, bringing the total to Rs 52,421.85 lakhs.
In terms of price performance, PNB Housing Finance has outperformed its sector by 1.13%, with the stock gaining 7.25% over the last four days. Today, it reached an intraday high of Rs 910.7, reflecting a 3.07% increase. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Additionally, the delivery volume of 4.92 lakhs on October 23 has risen by 9.4% compared to the 5-day average, indicating a solid level of liquidity for trades sized at Rs 1.63 crore.

Overall, the notable rise in open interest and positive price movement highlights the active trading environment surrounding PNB Housing Finance, a small-cap player in the housing finance sector.