Surge in Open Interest Signals Increased Market Activity for Prestige Estates Projects Ltd.

Apr 02 2025 10:00 AM IST
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Prestige Estates Projects Ltd has seen a significant rise in open interest, reaching 17,180 contracts, alongside a trading volume of 10,155 contracts. The stock has outperformed its sector and touched an intraday high, despite a decline in delivery volume. The company's market cap stands at Rs 49,017 crore.
Prestige Estates Projects Ltd, a prominent player in the construction and real estate sector, has experienced a notable increase in open interest today. The latest open interest stands at 17,180 contracts, reflecting a rise of 1,967 contracts or 12.93% from the previous open interest of 15,213. The trading volume for the day reached 10,155 contracts, indicating robust activity in the derivatives market.

In terms of price performance, Prestige Estates has outperformed its sector by 1.4%, recovering from two consecutive days of decline. The stock touched an intraday high of Rs 1,171.35, marking a gain of 2.99% for the day. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a mixed technical outlook.

Despite a decline in delivery volume, which fell by 46.82% against the 5-day average, the stock remains liquid enough for trading, with a market cap of Rs 49,017 crore. Overall, the increase in open interest alongside the stock's performance today highlights significant market activity for Prestige Estates Projects Ltd.
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