PNB Housing Finance Sees 20.46% Surge in Open Interest, Reaching 48,971 Contracts

PNB Housing Finance Ltd, a small-cap player in the housing finance sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 48,971 contracts, reflecting a rise of 8,318 contracts or 20.46% from the previous OI of 40,653. This uptick in OI coincides with a trading volume of 45,385 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, PNB Housing Finance has outperformed its sector by 0.92%, marking a notable 1.61% return for the day. The stock has been on a positive trajectory, gaining for five consecutive days and accumulating a total return of 9.78% during this period. Today, it reached an intraday high of Rs 933, reflecting a 2.83% increase.

The stock's liquidity remains robust, with a delivery volume of 10.7 lakh shares on October 24, which is up 152.04% compared to the five-day average. Additionally, the stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages. Overall, the increase in open interest and strong trading metrics highlight a dynamic trading environment for PNB Housing Finance.