Cyient Ltd. Sees Significant Surge in Open Interest Amid Increased Market Activity

Cyient Ltd., a mid-cap player in the IT software industry, has experienced a notable increase in open interest today, with the latest open interest recorded at 18,063, up from the previous 16,159. This represents a change of 1,904, or an 11.78% increase. The trading volume for the day stands at 13,736, contributing to a futures value of approximately Rs 14,610.92 lakhs and an options value of Rs 3,611.23 crore, bringing the total value to Rs 15,041.59 lakhs.
In terms of price performance, Cyient has underperformed its sector by 2.61%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 1,204, reflecting a decline of 2.98%. The weighted average price indicates that more volume was traded closer to this low price. While the stock is currently above its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages.

Additionally, delivery volume has seen a rise of 13.53% against the 5-day average, indicating increased participation. Overall, Cyient's current market cap is approximately Rs 13,411.28 crore, highlighting its position within the mid-cap segment of the market.