Kalyan Jewellers Sees Significant Open Interest Surge Amid Market Activity

Kalyan Jewellers India Ltd, a prominent player in the Diamond and Gold Jewellery industry, has experienced a notable increase in open interest today. The latest open interest stands at 47,859 contracts, reflecting a rise of 4,713 contracts or 10.92% from the previous open interest of 43,146. The trading volume for the day reached 50,444 contracts, indicating robust activity in the market.
In terms of price performance, Kalyan Jewellers has underperformed its sector by 2.89%, with the stock falling after five consecutive days of gains. The stock touched an intraday low of Rs 468.15, marking a decline of 4.43%. The weighted average price suggests that more volume was traded closer to this low price point. While the stock is currently above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages.

Additionally, delivery volume has seen a rise, with 27.18 lakh shares delivered on March 24, up by 19.78% compared to the 5-day average. The liquidity remains favorable, with the stock liquid enough for a trade size of Rs 9.67 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for Kalyan Jewellers.