PNB Housing Finance Sees Surge in Open Interest Amid Increased Trading Activity
PNB Housing Finance Ltd has seen a notable rise in open interest, indicating increased trading activity. The stock has outperformed its sector and reached an intraday high, although investor participation has declined. It remains a significant player in the housing finance market, reflecting its resilience.
PNB Housing Finance Ltd has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 18,912 contracts, up from the previous 16,620 contracts, marking a change of 2,292 contracts or a 13.79% increase. The trading volume for the day reached 9,312 contracts, contributing to a futures value of approximately Rs 24,584.75 lakhs and an options value of around Rs 4,086.57 crores, bringing the total value to Rs 25,110.26 lakhs.In terms of price performance, PNB Housing Finance has outperformed its sector by 0.92%, with the stock reaching an intraday high of Rs 1,063.90, reflecting a gain of 2.24%. The stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. Notably, there has been a decline in investor participation, with delivery volume dropping by 19.7% compared to the 5-day average.
As a large-cap player in the housing finance sector, PNB Housing Finance continues to show resilience in its trading activity, underscoring its position in the market.
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