PNB Housing Finance Sees Surge in Open Interest Amid Strong Price Performance

Apr 29 2025 02:00 PM IST
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PNB Housing Finance Ltd has seen a notable rise in open interest, reaching 13,004 contracts, up from 7,276. The trading volume for the day was 58,042 contracts, with the stock gaining 5.95% over two days. However, investor participation has declined, with delivery volume down 39.07% from the average.
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 13,004 contracts, marking a substantial rise from the previous open interest of 7,276 contracts. This represents a change of 5,728 contracts, equating to a remarkable 78.72% increase. The trading volume for the day reached 58,042 contracts, contributing to a futures value of approximately Rs 65,203.40 lakhs.

In terms of price performance, PNB Housing Finance has outperformed its sector by 3.34%, with the stock gaining 5.95% over the last two days. Today, it opened with a notable gain of 7.48%, reaching an intraday high of Rs 1,084.85, reflecting a 10% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 39.07% compared to the 5-day average. Overall, PNB Housing Finance's notable increase in open interest and solid price performance highlights its current market activity, while liquidity remains adequate for trading.
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