SBI Cards Sees Surge in Open Interest Amid Increased Market Activity

Jun 04 2025 01:00 PM IST
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SBI Cards & Payment Services Ltd has seen a notable rise in open interest, reaching 25,727 contracts, alongside a trading volume of 37,324 contracts. The stock achieved a new 52-week high, outperforming its sector, although investor participation has declined significantly in terms of 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 25,727 contracts, up from the previous 22,818 contracts, marking a change of 2,909 contracts or a 12.75% increase. The trading volume for the day reached 37,324 contracts, indicating robust participation in the market.

In terms of price performance, SBI Cards hit a new 52-week high of Rs 946.5, representing a 3.3% increase for the day. The stock has outperformed its sector by 2.84%, 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 movement.

Despite this upward momentum, there has been a notable decline in investor participation, with delivery volume dropping by 39.08% compared to the 5-day average. The stock remains liquid, with a trading capacity of 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.
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