Surge in Open Interest Signals Shift in Prestige Estates Trading Dynamics

May 30 2025 02:00 PM IST
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Prestige Estates Projects Ltd has seen a notable rise in open interest, reaching 19,485 contracts, alongside a trading volume of 15,521 contracts. Despite a slight decline in price performance, the stock remains above several moving averages, indicating active trading and evolving market dynamics for the company.
Prestige Estates Projects Ltd, a prominent player in the realty sector, has experienced a significant increase in open interest today. The latest open interest stands at 19,485 contracts, reflecting a rise of 2,062 contracts or 11.83% from the previous open interest of 17,423. This surge in open interest comes alongside a trading volume of 15,521 contracts, indicating heightened activity in the stock.

In terms of price performance, Prestige Estates has underperformed its sector by 1.54%, with a day’s return of -1.14%. The stock reached an intraday high of Rs 1,534.8, marking a 2.26% increase at its peak. Despite this, the stock has shown a trend reversal after five consecutive days of gains. The weighted average price suggests that more volume was traded closer to the lower price levels, while the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, yet below the 200-day moving average.

With a market capitalization of Rs 63,911.75 crore, Prestige Estates continues to maintain liquidity suitable for trades of Rs 2.69 crore, supported by a notable increase in delivery volume. Overall, the rise in open interest highlights a shift in market dynamics for Prestige Estates Projects Ltd, reflecting ongoing developments in the stock's trading landscape.
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