SBI Cards Sees Surge in Open Interest Amid Increased Trading Activity

Apr 25 2025 02:00 PM IST
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SBI Cards & Payment Services Ltd has seen a notable rise in open interest, indicating increased trading activity, with current figures at 30,711 contracts. The stock's trading volume reached 51,519 contracts, and delivery volume also increased. Despite recent price declines, it remains above key moving averages.
SBI Cards & Payment Services Ltd (SBICARD) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 30,711 contracts, up from the previous 23,944 contracts, marking a change of 6,767 contracts or an increase of 28.26%. The trading volume for the day reached 51,519 contracts, contributing to a total futures value of approximately Rs 92,701.87 lakhs.

In terms of price performance, SBICARD has underperformed its sector by 4.58%, opening the day with a loss of 5.56%. The stock hit an intraday low of Rs 860, representing a decline of 7.18%. Despite this downturn, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average.

Additionally, the stock has seen a rise in delivery volume, with 7.63 lakh shares delivered on April 24, reflecting a 10.23% increase compared to the 5-day average. With a market capitalization of Rs 82,858.43 crore, SBI Cards & Payment Services continues to maintain a liquid trading environment, suitable for transactions up to Rs 2.75 crore. Overall, the notable increase in open interest highlights a shift in market dynamics for SBICARD.
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