SBI Cards Sees Surge in Open Interest Amid Strong Trading Activity

Jun 04 2025 11:00 AM IST
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SBI Cards & Payment Services Ltd has seen a notable rise in open interest, reaching 25,292 contracts, alongside a trading volume of 22,917 contracts. The stock achieved a new 52-week high of Rs 942.3, outperforming its sector and indicating a positive trend despite a decline in delivery volume.
SBI Cards & Payment Services Ltd (SBICARD) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 25,292 contracts, marking a rise of 2,474 contracts or 10.84% from the previous open interest of 22,818. The trading volume for the day reached 22,917 contracts, indicating robust engagement from market participants.

In terms of price performance, SBI Cards hit a new 52-week high of Rs 942.3, representing a 2.84% increase during the trading session. The stock has outperformed its sector by 2.33%, showcasing its strong market position. Additionally, SBI Cards is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price trajectory.

Despite a notable drop in delivery volume, which fell by 39.08% compared to the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 1.96 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's performance metrics highlight a dynamic trading environment for SBI Cards & Payment Services.
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