SBI Cards Sees Significant Open Interest Surge Amid Price Declines and Active Trading
SBI Cards & Payment Services Ltd has seen a notable rise in open interest, reaching 34,475 contracts, alongside a trading volume of 41,501 contracts. Despite recent price declines, the company maintains a market capitalization of Rs 89,372 crore, indicating strong market participation amid ongoing challenges.
SBI Cards & Payment Services Ltd (SBICARD), a prominent player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant increase in open interest today. The latest open interest stands at 34,475 contracts, reflecting a rise of 4,695 contracts or 15.77% from the previous open interest of 29,780. This uptick comes alongside a trading volume of 41,501 contracts, indicating active market participation.In terms of price performance, SBI Cards has underperformed its sector by 1.82%, with the stock recording a decline of 2.17% on the day. Over the past two days, the stock has seen a cumulative drop of 5.88%. The intraday low reached was Rs 921.05, marking a decrease of 3.36% from the previous close. Notably, the stock's weighted average price suggests that more volume was traded closer to this low price.
Despite the recent price declines, SBI Cards maintains a market capitalization of Rs 89,372 crore, positioning it firmly within the large-cap category. The liquidity remains adequate for trading, with a delivery volume of 8.84 lakh shares, although this figure has decreased by 45.96% compared to the five-day average. Overall, the notable increase in open interest highlights a shift in market dynamics for SBI Cards amid its recent price challenges.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
