Surge in Open Interest Signals Shift in Market Dynamics for PNB Housing Finance

Apr 02 2025 01:00 PM IST
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PNB Housing Finance Ltd has seen a significant rise in open interest, reaching 2,422 contracts, up from 1,683. The trading volume for the day was 2,910 contracts, with a total futures value of approximately Rs 4,219.72 lakhs. Despite a decline in delivery volume, the stock shows strong price performance.
PNB Housing Finance Ltd, a prominent player in the Finance - Housing sector, has experienced a significant increase in open interest today. The latest open interest stands at 2,422 contracts, marking a notable rise from the previous open interest of 1,683 contracts. This change represents an increase of 739 contracts, or 43.91%. The trading volume for the day reached 2,910 contracts, contributing to a total futures value of approximately Rs 4,219.72 lakhs.

In terms of price performance, PNB Housing Finance has outperformed its sector by 3.31%, with the stock reaching an intraday high of Rs 906.5, reflecting a gain of 3.86% for the day. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price trajectory.

However, it is worth noting a decline in investor participation, with delivery volume dropping by 28.42% compared to the 5-day average. Despite this, the stock remains liquid enough for trades sized at Rs 1.66 crore, based on 2% of the 5-day average traded value. Overall, the surge in open interest highlights a notable shift in market dynamics for PNB Housing Finance.
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