SBI Cards Sees Surge in Open Interest Amid Increased Trading Activity

Mar 26 2025 03:00 PM IST
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SBI Cards & Payment Services Ltd has seen a notable rise in open interest, reaching 42,211 contracts, alongside a trading volume of 41,479 contracts. The stock achieved a new 52-week high and demonstrated strong price performance, with increased delivery volume and significant market capitalization in the Finance/NBFC sector.
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 42,211 contracts, marking a rise of 7,086 contracts or 20.17% from the previous open interest of 35,125. The trading volume for the day reached 41,479 contracts, indicating robust market engagement.

In terms of price performance, SBI Cards hit a new 52-week high of Rs 878.8, representing a 2.28% increase during the trading session. The stock has outperformed its sector by 1.93% and has shown consistent gains over the past two days, accumulating a total return of 1.59%. Notably, SBI Cards is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock's delivery volume has surged by 125.41% compared to its 5-day average, reflecting increased investor participation. With a market capitalization of Rs 82,273 crore, SBI Cards remains a significant player in the Finance/NBFC sector. Overall, the notable rise in open interest and strong price performance underscores the stock's active trading environment today.
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