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

Jun 02 2025 02:00 PM IST
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Punjab National Bank (PNB) has seen a notable rise in open interest, reaching 54,659 contracts, alongside a trading volume of 59,690 contracts. The stock has gained 8.08% over the past week and is trading above key moving averages, indicating strong market engagement and liquidity.
Punjab National Bank (PNB) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 54,659 contracts, up from the previous figure of 48,954, marking a change of 5,705 contracts or an 11.65% increase. The trading volume for the day reached 59,690 contracts, indicating robust market engagement.

In terms of performance, PNB has shown a consistent upward trend, gaining 8.08% over the past seven days. Today, the stock touched an intraday high of Rs 109.2, representing a 3.19% increase. Notably, PNB is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong position relative to its recent performance.

The stock's liquidity remains favorable, with a delivery volume of 3.06 crore on May 30, reflecting a substantial increase of 352.88% compared to the 5-day average. With a market capitalization of Rs 1,24,801.87 crore, PNB continues to solidify its standing in the public sector banking industry. Overall, the notable rise in open interest and positive performance metrics underscore the stock's active trading environment.
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