Prestige Estates Projects Sees 14.2% Surge in Open Interest to 18,630 Contracts

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 18,630 contracts, reflecting a rise of 2,316 contracts or 14.2% from the previous open interest of 16,314. This uptick in open interest coincides with a trading volume of 21,395 contracts, indicating heightened activity in the stock.
In terms of price performance, Prestige Estates has outperformed its sector by 0.86%, with a notable 1D return of 2.21%. The stock has shown consistent gains over the past three days, accumulating a total return of 4.7% during this period. Today, it reached an intraday high of Rs 1,798.7, marking a 2.54% increase.

Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The delivery volume on October 24 was recorded at 396,000 shares, which is a 20.09% increase compared to the 5-day average, further highlighting the stock's liquidity and active trading environment.

In summary, the notable rise in open interest for Prestige Estates Projects Ltd, coupled with its strong price performance and liquidity metrics, underscores the stock's current market activity.