PNB Housing Finance Sees Surge in Open Interest Amid Increased Trading Activity
PNB Housing Finance Ltd has seen a notable rise in open interest, indicating increased trading activity, with current open interest at 13,202 contracts. The stock has outperformed its sector and is trading above key moving averages, although delivery volume has decreased compared to recent averages.
PNB Housing Finance Ltd (PNBHOUSING) has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 13,202 contracts, a notable rise from the previous open interest of 7,276 contracts, marking a change of 5,926 contracts or an 81.45% increase. The trading volume for the day reached 59,966 contracts, contributing to a futures value of approximately Rs 69.46 crore.In terms of price performance, PNB Housing Finance has outperformed its sector by 3.67%, with the stock gaining 6% over the last two days. Today, it opened with a gain of 7.48% and reached 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 delivery volume, which fell by 39.07% compared to the 5-day average. Overall, PNB Housing Finance's performance today highlights a robust trading environment, underscored by the significant rise in open interest.
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