Punjab National Bank Sees Surge in Open Interest Amid Increased Trading Activity

Jun 02 2025 12:00 PM IST
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Punjab National Bank has seen a notable rise in open interest, reaching 53,882 contracts, alongside a trading volume of 51,328 contracts, indicating increased market activity. The stock has outperformed its sector and has gained consistently over the past week, reflecting strong investor engagement and bullish momentum.
Punjab National Bank (PNB) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 53,882 contracts, marking a rise of 4,928 contracts or 10.07% from the previous open interest of 48,954. The trading volume for the day reached 51,328 contracts, indicating robust participation in the market.

In terms of performance, PNB has outperformed its sector by 0.32% and has shown a consistent upward trend, gaining for the last seven consecutive days with a total return of 7.73% during this period. The stock reached an intraday high of Rs 109.2, reflecting a 3.19% increase for the day. Notably, PNB is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend.

Additionally, the stock's delivery volume surged to 3.06 crore on May 30, representing a remarkable increase of 352.88% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,25,342.04 crore, PNB remains a significant player in the public sector banking industry. Overall, the increase in open interest and strong trading metrics highlight the current active engagement in PNB's stock.
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