Kaynes Technology Sees Surge in Open Interest Amid Active Market Participation
Kaynes Technology India Ltd has seen a significant rise in open interest, reaching 6,020 contracts, up from 4,352. The day's trading volume was 6,663 contracts. Despite this increase, the stock's performance aligns with the sector, showing a slight decline, while delivery volume has decreased notably.
Kaynes Technology India Ltd, a prominent player in the industrial manufacturing sector, has recently experienced a significant increase in open interest (OI). The latest OI stands at 6,020 contracts, marking a notable rise from the previous OI of 4,352 contracts. This change represents an increase of 1,668 contracts, or 38.33%. The trading volume for the day reached 6,663 contracts, indicating active participation in the market.In terms of financial metrics, the futures value is reported at Rs 4,275.16 lakhs, while the options value is substantially higher at Rs 3,474.45 crores, contributing to a total value of Rs 5,084.95 lakhs. The underlying value of the stock is noted at Rs 5,580.
Despite the uptick in open interest, the stock's performance today has been in line with the sector, with a slight decline of 0.07% compared to a sector decline of 0.20%. The stock has been trading above its 100-day and 200-day moving averages, although it remains below the 5-day, 20-day, and 50-day averages. Additionally, delivery volume has decreased by 39.87% against the 5-day average, suggesting a decline in investor participation.
In summary, Kaynes Technology India Ltd's notable increase in open interest reflects heightened trading activity, while its price performance remains stable within the broader market context.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
