Poonawalla Fincorp Sees Surge in Open Interest Amid Increased Market Activity

Apr 28 2025 02:00 PM IST
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Poonawalla Fincorp Ltd has seen a notable increase in open interest, reaching 17,453 contracts, alongside a trading volume of 17,499 contracts. Despite an initial price decline, the stock has shown signs of recovery and remains above several key moving averages, indicating active market engagement.
Poonawalla Fincorp Ltd, a prominent player in the Finance/NBFC sector, has experienced a significant increase in open interest today. The latest open interest stands at 17,453 contracts, reflecting a rise of 1,883 contracts or 12.09% from the previous open interest of 15,570. The trading volume for the day reached 17,499 contracts, indicating robust activity in the market.

In terms of price performance, Poonawalla Fincorp opened the day with a loss of 3%, touching an intraday low of Rs 363.5, which represents a decline of 4.44%. Despite this initial setback, the stock has shown signs of recovery, outperforming its sector by 0.58% and registering a 1D return of 0.76%. The stock's weighted average price suggests that more volume was traded closer to its low price for the day.

Additionally, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average. With a market capitalization of Rs 29,821.29 crore, Poonawalla Fincorp continues to demonstrate liquidity suitable for trades of Rs 2.22 crore, supported by a delivery volume that has increased by 2.46% against the 5-day average. Overall, the notable rise in open interest highlights a shift in market dynamics for Poonawalla Fincorp.
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