SBI Cards Sees Surge in Open Interest, Indicating Shift in Market Dynamics
SBI Cards & Payment Services Ltd has seen a notable rise in open interest, reaching 34,127 contracts, alongside a trading volume of 22,244 contracts. The stock is currently trading near its 52-week high and remains above key moving averages, indicating a strong price trend despite a decline in delivery volume.
SBI Cards & Payment Services Ltd (SBICARD) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 34,127 contracts, up from the previous open interest of 28,602 contracts, marking a change of 5,525 contracts or a 19.32% increase. The trading volume for the day reached 22,244 contracts, contributing to a futures value of approximately Rs 79,063.95 lakhs.In terms of price performance, SBI Cards is currently trading just 2.65% below its 52-week high of Rs 930.65. The stock has shown resilience, gaining 2.41% over the last two days, although it underperformed its sector, which saw a gain of 2.52%. Notably, SBI Cards is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong trend in its price performance.
Despite a decline in delivery volume, which fell by 50% compared to the 5-day average, the stock remains liquid enough for trades of Rs 0.95 crore, with a market capitalization of Rs 86,253 crore. Overall, the increase in open interest highlights a shift in market dynamics for SBI Cards, reflecting changing investor sentiment and trading activity.
{{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
Most Read
