PNB Housing Finance Sees 27.8% Surge in Open Interest Amid Increased Trading Activity

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 51,956, marking a rise of 11,303 from the previous OI of 40,653, which translates to a percentage change of 27.8%. This surge in OI coincides with a trading volume of 55,487, indicating heightened activity in the stock.
In terms of performance, PNB Housing Finance has outperformed its sector by 1.2%, with a notable 10.31% increase over the past five days. The stock reached an intraday high of Rs 933, reflecting a 2.83% gain for the day. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

Investor participation has also risen, with a delivery volume of 10.7 lakh shares on October 24, representing a 152.04% increase compared to the 5-day average. The liquidity of the stock remains robust, accommodating trade sizes of Rs 2.22 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and strong performance metrics highlight the current activity surrounding PNB Housing Finance.