Surge in Open Interest Signals Shifting Market Dynamics for Prestige Estates Projects

Jul 17 2025 02:00 PM IST
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Prestige Estates Projects Ltd has seen a notable rise in open interest, reaching 18,665 contracts, alongside a trading volume of 26,336 contracts. The stock has outperformed its sector and is trading above key moving averages, indicating a positive trend, despite a slight decline in delivery volume.
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 18,665 contracts, reflecting a rise of 2,394 contracts or 14.71% from the previous open interest of 16,271. This surge coincides with a trading volume of 26,336 contracts, indicating robust activity in the market.

In terms of price performance, Prestige Estates has outperformed its sector by 2%, recovering after two consecutive days of decline. The stock reached an intraday high of Rs 1,778, marking a gain of 3.46% for the day. Notably, Prestige Estates is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price trajectory.

Despite a slight decline in delivery volume, which fell by 3.7% against the 5-day average, the stock remains liquid enough for trades sized at Rs 4.49 crore, based on 2% of the 5-day average traded value. With a market capitalization of Rs 75,937.74 crore, Prestige Estates continues to hold a strong position in the realty industry. Overall, the notable increase in open interest highlights a shift in market dynamics for the stock.
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