Prestige Estates Projects Sees 14.97% Surge in Open Interest to 18,333 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 18,333 contracts, up from the previous 15,946, marking a change of 2,387 contracts or a 14.97% increase. The trading volume for the day reached 8,450 contracts, contributing to a futures value of approximately Rs 36,832.13 lakhs.
In terms of price performance, Prestige Estates has outperformed its sector by 0.46% today, continuing a positive trend with gains over the last two days, yielding a total return of 0.17%. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average.

Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 37.4% compared to the 5-day average, totaling 2.32 lakh shares on October 30. The stock maintains sufficient liquidity for trades up to Rs 1.96 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest alongside the stock's recent performance highlights a dynamic trading environment for Prestige Estates Projects Ltd.