PNB Housing Finance Sees Significant Open Interest Surge Amid Active Derivatives Trading

Apr 03 2025 11:00 AM IST
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PNB Housing Finance Ltd has seen a significant rise in open interest, reaching 3,469 contracts, alongside a trading volume of 1,158 contracts. Despite underperforming its sector, the stock remains above key moving averages, indicating a positive trend. The company holds a market capitalization of Rs 23,732.46 crore.
PNB Housing Finance Ltd, a prominent player in the Finance - Housing sector, has experienced a notable increase in open interest today. The latest open interest stands at 3,469 contracts, reflecting a rise of 334 contracts or 10.65% from the previous open interest of 3,135. This uptick in open interest coincides with a trading volume of 1,158 contracts, indicating active participation in the derivatives market.

In terms of price performance, PNB Housing Finance has underperformed its sector by 1.69%, with a one-day return of -0.44%. Despite this, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in the short to medium term. The stock's liquidity remains robust, with a delivery volume of 697,000 shares on April 2, marking a 45.73% increase compared to the 5-day average.

With a market capitalization of Rs 23,732.46 crore, PNB Housing Finance continues to maintain a significant presence in the housing finance sector. The increase in open interest highlights a shift in market dynamics, warranting attention from market participants.
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