PNB Housing Finance Sees 15.93% Surge in Open Interest, Reaching 44,404 Contracts

PNB Housing Finance Ltd has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 44,404 contracts, up from the previous 38,303 contracts, marking a change of 6,101 contracts or a 15.93% increase. The trading volume for the day reached 35,792 contracts, indicating robust participation in the market.
In terms of price performance, PNB Housing Finance has outperformed its sector by 1.22%, with the stock gaining for four consecutive days and achieving a total return of 7.92% during this period. The stock reached an intraday high of Rs 910.7, reflecting a 3.07% increase for the day. Notably, the stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages.

Additionally, the delivery volume on October 23 was recorded at 4.92 lakh shares, which is a 9.4% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 23,633.34 crore, PNB Housing Finance continues to demonstrate liquidity suitable for trades of Rs 1.63 crore, underscoring its position in the housing finance sector. Overall, the notable rise in open interest and trading activity highlights the stock's current market dynamics.