Kaynes Technology India Ltd Sees 19.28% Surge in Open Interest to 24,569

Kaynes Technology India Ltd, a player in the Industrial Manufacturing sector, has experienced a significant increase in open interest today. The latest open interest stands at 24,569 contracts, marking a rise of 3,971 contracts or 19.28% from the previous open interest of 20,598. This uptick in open interest coincides with a trading volume of 51,397 contracts, indicating heightened activity in the stock.
In terms of price performance, Kaynes Technology is currently trading close to its 52-week high, just 3.04% away from the peak of Rs 7,822. The stock has shown resilience, outperforming its sector by 1.74% today, and has recorded consecutive gains over the past five days, accumulating a total return of 7.67%. The intraday high reached Rs 7,705, reflecting a 3.19% increase.

Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. With a market capitalization of Rs 51,013.37 crore, Kaynes Technology demonstrates robust liquidity, with a delivery volume of 2.35 lakh shares on October 6, which is nearly double the 5-day average. This combination of rising open interest and solid trading metrics underscores the stock's active market presence.