RBL Bank Sees Surge in Open Interest Amidst Mixed Stock Performance

Apr 22 2025 11:00 AM IST
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RBL Bank Ltd has seen a notable rise in open interest, reaching 48,698 contracts, alongside increased trading volume of 53,741 contracts. Despite this activity, the bank's stock has declined today, although it remains above key moving averages. Delivery volume also surged significantly, indicating robust market liquidity.
RBL Bank Ltd, a mid-cap player in the private banking sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 48,698 contracts, marking a rise of 11,855 contracts or 32.18% from the previous OI of 36,843. This surge in OI coincides with a trading volume of 53,741 contracts, indicating heightened activity in the derivatives market.

Despite this notable uptick in OI, RBL Bank's stock has underperformed its sector, declining by 2.55% today. The stock reached an intraday low of Rs 183.45, reflecting a decrease of 4.47%. However, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term positive trend.

Additionally, the delivery volume has seen a substantial increase, with 31.27 lakh shares delivered on April 21, up by 107.84% compared to the 5-day average. The liquidity remains robust, supporting trade sizes of up to Rs 1.82 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for RBL Bank, amidst a backdrop of fluctuating stock performance.
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