RBL Bank Sees Surge in Open Interest Amid Strong Market Performance
RBL Bank Ltd has seen a notable rise in open interest, reaching 40,497, alongside a trading volume of 38,835. The stock has outperformed its sector and demonstrated consistent gains over the past week, while also trading above key moving averages, despite a decline in delivery volume.
RBL Bank Ltd has experienced a significant increase in open interest today, with the latest open interest (OI) recorded at 40,497, up from the previous OI of 35,190. This marks a change of 5,307, reflecting a percentage increase of 15.08%. The trading volume for the day stands at 38,835, contributing to a futures value of approximately Rs 101.35 crore and an options value of around Rs 8,637.53 crore, bringing the total value to Rs 1,032.07 crore. The underlying value of the stock is noted at Rs 192.In terms of performance, RBL Bank has outperformed its sector by 3.13%, with a notable 4.61% return on the day. The stock has shown consistent gains over the past five days, accumulating a total return of 13.84%. It reached an intraday high of Rs 194.71, reflecting a rise of 6.03%. Additionally, RBL Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a decline in delivery volume, which has decreased by 16.86% compared to the 5-day average.
Overall, the notable increase in open interest alongside the stock's solid performance metrics highlights RBL Bank's current market activity.
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