Surge in Open Interest Signals Shift in Trading Dynamics for Prestige Estates Projects Ltd.

May 28 2025 02:00 PM IST
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Prestige Estates Projects Ltd has seen a notable rise in open interest, reaching 26,123 contracts, alongside a trading volume of 21,402 contracts. The stock has outperformed its sector and is trading above several moving averages, despite a decline in delivery volume and a significant market capitalization.
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 26,123 contracts, marking a rise of 3,998 contracts or 18.07% from the previous open interest of 22,125. This surge in open interest comes alongside a trading volume of 21,402 contracts, indicating heightened activity in the stock.

In terms of price performance, Prestige Estates has outperformed its sector by 0.71%, with the stock gaining 2.25% over the last four days. Today, it reached an intraday high of Rs 1,477.8, reflecting a 2.31% increase. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 42.4% compared to the 5-day average. The stock maintains a market capitalization of Rs 62,482 crore, positioning it firmly within the large-cap category. Overall, the increase in open interest highlights a notable shift in trading dynamics for Prestige Estates Projects Ltd.
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