Surge in Open Interest Signals Increased Activity for Prestige Estates Projects Stock

Mar 25 2025 02:00 PM IST
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Prestige Estates Projects Ltd has seen a notable rise in open interest, reaching 29,965 contracts, alongside a trading volume of 15,796 contracts. The stock has outperformed its sector and remains above its short-term moving averages, indicating increased market activity despite a decline in delivery volume.
Prestige Estates Projects Ltd, a prominent player in the construction and real estate sector, has experienced a significant increase in open interest today. The latest open interest stands at 29,965 contracts, reflecting a rise of 3,767 contracts or 14.38% from the previous open interest of 26,198. This uptick in open interest comes alongside a trading volume of 15,796 contracts, indicating heightened activity in the stock.

In terms of price performance, Prestige Estates Projects has outperformed its sector by 2.58%, reaching an intraday high of Rs 1,272, which marks a 4.24% increase for the day. The stock's weighted average price suggests that more volume was traded closer to its low price, while it remains above its 5-day and 20-day moving averages, yet below the 50-day, 100-day, and 200-day moving averages.

Despite a decline in delivery volume, which fell by 15.96% against the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 2.24 crore, supported by a market capitalization of Rs 53,333 crore. Overall, the notable increase in open interest highlights a shift in market dynamics for Prestige Estates Projects, reflecting ongoing developments in the construction and real estate industry.
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