RBL Bank Sees Surge in Open Interest Amid Increased Trading Activity

Mar 24 2025 03:00 PM IST
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RBL Bank Ltd has seen a notable rise in open interest, indicating increased trading activity, with 37,350 contracts recorded today. The stock has outperformed its sector, gaining 6.95% over two days, and its delivery volume surged significantly. The bank's market capitalization stands at Rs 10,404 crore.
RBL Bank Ltd, a mid-cap player in the private banking sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 37,350 contracts, up from the previous 33,545, marking a change of 3,805 contracts or an 11.34% increase. The trading volume for the day reached 37,177 contracts, contributing to a futures value of approximately Rs 93,929.30 lakhs.

In terms of price performance, RBL Bank has outperformed its sector by 2.48%, with the stock gaining 6.95% over the last two days. Today, it reached an intraday high of Rs 176.56, reflecting a 4.91% increase. 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.

The private banking sector overall has seen a gain of 2.01%, while RBL Bank's delivery volume surged to 52.51 lakh shares, a notable increase of 121.1% compared to its 5-day average. With a market capitalization of Rs 10,404 crore, RBL Bank continues to demonstrate robust trading dynamics in the current market environment.
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