SBI Cards Sees Surge in Open Interest Amid Increased Trading Activity

Mar 26 2025 01:00 PM IST
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SBI Cards & Payment Services Ltd has seen a notable rise in open interest, reaching 39,244 contracts, alongside a trading volume of 28,600 contracts. The stock achieved a new 52-week high of Rs 878.8 and demonstrated strong liquidity, indicating an active trading environment.
SBI Cards & Payment Services Ltd (SBICARD) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 39,244 contracts, marking an increase of 4,119 contracts or 11.73% from the previous open interest of 35,125. The trading volume for the day reached 28,600 contracts, contributing to a total futures value of approximately Rs 59,036.39 lakhs.

In terms of price performance, SBI Cards hit a new 52-week high of Rs 878.8, representing a 2.28% increase during intraday trading. The stock has outperformed its sector by 2.03% and has shown consistent gains over the past two days, with a total return of 1.89% in this period. Additionally, SBI Cards is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

The stock's liquidity remains robust, with a delivery volume of 14.75 lakh shares on March 25, reflecting a 125.41% increase compared to the 5-day average. Overall, the notable rise in open interest and strong price performance underscores the active trading environment surrounding SBI Cards & Payment Services.
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