Prestige Estates Projects Sees 14.97% Surge in Open Interest to 18,333

Prestige Estates Projects Ltd, a notable player in the realty sector, has experienced a significant increase in open interest today. The latest open interest stands at 18,333 contracts, reflecting a rise of 2,387 contracts or 14.97% from the previous open interest of 15,946. This uptick is accompanied by a trading volume of 8,450 contracts, indicating active market engagement.
In terms of performance, Prestige Estates Projects has outperformed its sector by 0.31%. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below its 5-day moving average. Notably, the stock has seen a decline in investor participation, with delivery volume dropping to 2.32 lakh on October 30, a decrease of 37.4% compared to the 5-day average.

The stock's liquidity remains robust, with a trade size of Rs 1.96 crore based on 2% of the 5-day average traded value. The current underlying value is reported at Rs 1,759. Overall, the increase in open interest highlights a notable shift in market dynamics for Prestige Estates Projects, reflecting ongoing activity in the stock.