SBI Cards Sees Surge in Open Interest Amid Increased Market Activity

SBI Cards & Payment Services Ltd (SBICARD) has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 35,380, up from the previous figure of 31,753, marking a change of 3,627, or an 11.42% increase. This surge in open interest coincides with a trading volume of 27,749, indicating robust market engagement.
In terms of price performance, SBI Cards has shown resilience, gaining 1.45% over the last two days, with a 1D return of 0.80%. The stock's performance aligns closely with its sector, which recorded a 1D return of 0.59%, while the broader Sensex declined by 0.53%. Notably, the stock is currently trading above its 50-day, 100-day, and 200-day moving averages, although it remains below its 5-day and 20-day moving averages.

The liquidity of SBI Cards is also noteworthy, with a delivery volume of 6.22 lakh shares on June 20, reflecting a 10.53% increase compared to the 5-day average. With a market capitalization of Rs 90,215 crore, SBI Cards continues to maintain a significant position within the Non-Banking Financial Company (NBFC) sector. Overall, the increase in open interest and trading activity underscores the stock's current market dynamics.