SBI Cards Sees Significant Open Interest Surge Amid Price Declines and Active Trading

Jul 01 2025 03:00 PM IST
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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.
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