Surge in Open Interest Signals Increased Trading Activity for PNB Housing Finance

May 02 2025 11:00 AM IST
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PNB Housing Finance Ltd has seen a notable rise in open interest, reaching 16,228 contracts, alongside a trading volume of 33,126 contracts. The stock opened with a significant gain and is trading above multiple moving averages, indicating strong market activity and liquidity in the Finance - Housing sector.
PNB Housing Finance Ltd, a prominent player in the Finance - Housing sector, has experienced a significant increase in open interest today. The latest open interest stands at 16,228 contracts, reflecting a rise of 2,541 contracts or 18.57% from the previous open interest of 13,687. This surge in open interest coincides with a trading volume of 33,126 contracts, indicating heightened activity in the stock.

In terms of price performance, PNB Housing Finance opened with a notable gain of 6.03%, reaching an intraday high of Rs 1,088, which represents a 7.7% increase. The stock has outperformed its sector by 2.63% today, while the Finance - Housing sector itself has gained 2.05%. Additionally, PNB Housing Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The stock's liquidity remains robust, with a delivery volume of 11.08 lakh shares on April 30, reflecting an 18.9% increase compared to the 5-day average delivery volume. Overall, the notable rise in open interest and positive price movements highlight the active trading environment surrounding PNB Housing Finance.
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