Prestige Estates Projects Ltd Sees 17.54% Surge in Open Interest to 19,884

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 19,884 contracts, marking a rise of 2,967 contracts or 17.54% from the previous open interest of 16,917. This surge in open interest coincides with a trading volume of 16,839 contracts, indicating heightened activity in the stock.
In terms of performance, Prestige Estates has outperformed its sector by 0.87% today, with a 1D return of 0.73%. The stock has shown consistent gains over the past two days, accumulating a total return of 2.26% during this period. Notably, Prestige Estates is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend.

The stock's liquidity remains robust, with a delivery volume of 434,000 shares on October 23, which is 4.12% higher than the 5-day average delivery volume. With a market capitalization of Rs 75,369.18 crore, Prestige Estates continues to maintain a solid position in the mid-cap segment of the realty industry. Overall, the notable increase in open interest and positive performance metrics highlight the stock's current market dynamics.