Prestige Estates Projects Ltd Sees 17.37% Surge in Open Interest to 19,148 Contracts

Prestige Estates Projects Ltd, a mid-cap player in the realty sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 19,148 contracts, up from the previous 16,314, marking a change of 2,834 contracts or a 17.37% increase. The trading volume for the day reached 22,973 contracts, contributing to a futures value of approximately Rs 54,548.25 lakhs.
In terms of price performance, Prestige Estates has outperformed its sector by 0.71%, with the stock gaining 4.47% over the last three days. Today, it reached an intraday high of Rs 1,798.7, reflecting a 2.54% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the delivery volume on October 24 was 396,000 shares, which is a 20.09% increase compared to the 5-day average, suggesting robust liquidity with a trade size capacity of Rs 1.93 crore.

Overall, the notable rise in open interest and positive price movements highlight the active trading environment surrounding Prestige Estates Projects Ltd, underscoring its current market position in the realty sector.