Prestige Estates Projects Ltd Sees 13.26% Surge in Open Interest to 18,477 Contracts

Prestige Estates Projects Ltd, a mid-cap player in the realty sector, has experienced a significant increase in open interest today. The latest open interest stands at 18,477 contracts, reflecting a rise of 2,163 contracts or 13.26% from the previous open interest of 16,314. This uptick in open interest coincides with a trading volume of 18,845 contracts, indicating heightened activity in the stock.
In terms of price performance, Prestige Estates has outperformed its sector by 0.54%, with the stock gaining 4.41% over the last three days. Today, it reached an intraday high of Rs 1,798.7, marking a 2.54% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the delivery volume on October 24 was recorded at 396,000 shares, which is a 20.09% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 76,941.34 crore, Prestige Estates continues to demonstrate robust liquidity, making it a notable entity in the real estate market. Overall, the increase in open interest and positive price movements highlight the stock's active trading environment.