Surge in Open Interest Signals Increased Market Activity for PNB Housing Finance

Apr 03 2025 10:00 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 and has experienced increased investor participation, indicating a notable shift in market dynamics.
PNB Housing Finance Ltd, a prominent player in the Finance - Housing sector, has experienced a notable increase in open interest (OI) today. The latest OI stands at 3,469 contracts, reflecting a rise of 334 contracts or 10.65% from the previous OI of 3,135. This uptick in OI comes alongside a trading volume of 1,158 contracts, indicating heightened activity in the stock.

In terms of price performance, PNB Housing Finance has underperformed its sector, recording a 1D return of -0.84%, while the sector itself saw a slight gain of 0.23%. Despite this, the stock is 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.

Additionally, the stock has shown increased investor participation, with a delivery volume of 697,000 shares on April 2, marking a 45.73% rise compared to the 5-day average delivery volume. With a market capitalization of Rs 23,636.28 crore, PNB Housing Finance remains a liquid option for trades up to Rs 1.8 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for PNB Housing Finance.
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