PNB Housing Finance Sees Surge in Open Interest Amid Increased Derivatives Activity

Apr 03 2025 02:00 PM IST
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PNB Housing Finance Ltd has seen a notable rise in open interest, reaching 3,790 contracts, alongside a trading volume of 2,569 contracts, indicating increased market activity. Despite a slight price decline today, the stock has shown positive performance over the past two days and maintains strong liquidity and market capitalization.
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 3,790 contracts, reflecting a rise of 655 contracts or 20.89% from the previous open interest of 3,135. This uptick coincides with a trading volume of 2,569 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, PNB Housing Finance has shown a slight decline of 0.04% today, underperforming its sector, which recorded a gain of 1.67%. However, the stock has been on a positive trajectory over the past two days, accumulating a total return of 5.1%. Notably, PNB Housing is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong trend in the short to medium term.

The stock's liquidity remains robust, with a delivery volume of 697,000 shares on April 2, marking a 45.73% increase compared to the 5-day average. With a market capitalization of Rs 23,613 crore, PNB Housing Finance continues to maintain a solid position in the market. Overall, the notable rise in open interest highlights increased trading activity, reflecting the current dynamics within the stock.
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