Kalyan Jewellers Sees Significant Rise in Open Interest Amid Increased Trading Activity

Kalyan Jewellers India Ltd, a prominent player in the Gems, Jewellery and Watches industry, has experienced a significant increase in open interest today. The latest open interest stands at 25,844 contracts, reflecting a rise of 2,689 contracts or 11.61% from the previous open interest of 23,155. This uptick in open interest comes alongside a trading volume of 14,089 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Kalyan Jewellers has underperformed its sector by 1.53%, with the stock touching an intraday low of Rs 550.6, down 2.22%. The weighted average price suggests that more volume was traded closer to this low price. While the stock is currently above its 50-day and 100-day moving averages, it remains below the 5-day, 20-day, and 200-day moving averages.

Additionally, the stock has seen a notable increase in delivery volume, rising by 120.95% against the 5-day average, indicating a growing participation in the market. With a market capitalization of Rs 56,909.02 crore, Kalyan Jewellers continues to maintain a liquid trading environment, suitable for transactions of Rs 2.87 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in trading dynamics for Kalyan Jewellers.