Bandhan Bank Sees Surge in Open Interest Amid Increased Trading Activity

Apr 23 2025 03:01 PM IST
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Bandhan Bank Ltd. has seen a notable rise in open interest, reaching 57,790 contracts, alongside a trading volume of 34,544 contracts. The bank has outperformed its sector and recorded a total return of 16.37% over the past week, indicating strong market activity and investor interest.
Bandhan Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 57,790 contracts, up from the previous figure of 49,041, marking a change of 8,749 contracts or a 17.84% increase. The trading volume for the day reached 34,544 contracts, contributing to a total futures value of approximately Rs 97,571.78 lakhs.

In terms of performance, Bandhan Bank has outperformed its sector by 2.33% today, continuing a positive trend with a consecutive gain over the last seven days, resulting in a total return of 16.37% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Investor participation has also seen a rise, with a delivery volume of 69.91 lakhs on April 22, reflecting a 39.49% increase compared to the 5-day average. With a market capitalization of Rs 27,491.23 crore, Bandhan Bank maintains a liquid trading environment, suitable for transactions around Rs 3.03 crore. Overall, the notable increase in open interest and strong performance metrics highlight the stock's current market dynamics.
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