SBI Cards Sees Surge in Open Interest Amidst Increased Trading Activity

Apr 25 2025 11:00 AM IST
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SBI Cards & Payment Services Ltd has seen a notable rise in open interest, reaching 26,845 contracts amid active trading in the finance sector. Despite this increase, the stock has underperformed, declining significantly today while maintaining positions above several key moving averages. The company's market capitalization stands at Rs 82,492.16 crore.
SBI Cards & Payment Services Ltd (SBICARD) has experienced a significant increase in open interest today, reflecting notable trading activity in the finance and non-banking financial company (NBFC) sector. The latest open interest stands at 26,845 contracts, up from the previous 23,944 contracts, marking a change of 2,901 contracts or a 12.12% increase. The trading volume for the day reached 20,831 contracts, indicating robust participation.

Despite this surge in open interest, the stock has underperformed its sector, declining by 6.42% today, compared to a sector decline of 2.08%. The stock opened with a gap down of 5.56% and hit an intraday low of Rs 868.05, reflecting a decrease of 6.31% from the previous close. Notably, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average.

With a market capitalization of Rs 82,492.16 crore, SBI Cards continues to be a significant player in the finance sector. The increase in open interest, coupled with the current price movements, underscores the dynamic trading environment surrounding the stock.
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