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

May 02 2025 03:00 PM IST
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PNB Housing Finance Ltd has seen a notable rise in open interest, reaching 16,516 contracts, alongside a trading volume of 42,986 contracts. The stock opened higher, outperforming its sector, and is currently trading above multiple moving averages, indicating strong investor participation and liquidity in the market.
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 16,516 contracts, marking a notable rise of 2,829 contracts or 20.67% from the previous open interest of 13,687. This surge in open interest coincides with a trading volume of 42,986 contracts, reflecting heightened activity in the stock.

In terms of price performance, PNB Housing Finance opened the day with a gain of 6.03%, outperforming its sector by 3.51%. The stock reached an intraday high of Rs 1,088, representing a 7.7% increase. Currently, PNB Housing is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Additionally, the stock has shown rising investor participation, with a delivery volume of 11.08 lakh shares on April 30, which is an 18.9% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 27,367.51 crore, PNB Housing Finance continues to demonstrate robust liquidity, suitable for trades of significant size. Overall, the increase in open interest and strong price performance highlights the stock's active trading environment today.
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