Kaynes Technology Sees 6,383 Call Contracts at Rs 7,600 Strike Price, Turnover Hits Rs 680.87 Lakhs

Kaynes Technology India Ltd, a prominent player in the industrial manufacturing sector, has emerged as one of the most active stocks today. The company’s underlying stock, KAYNES, is currently trading at Rs 7543.5, just 3.53% shy of its 52-week high of Rs 7822. The stock has shown strong performance, outperforming its sector by 0.62% and achieving a 1.22% return today, while the broader Sensex recorded a minimal gain of 0.01%.
In terms of options activity, Kaynes Technology saw significant trading volume with 6,383 call contracts exchanged, resulting in a turnover of Rs 680.87 lakhs. The open interest stands at 1,754 contracts, indicating a robust interest in the stock. The options have an expiry date set for September 30, 2025, with a strike price of Rs 7600.

The stock has been on a positive trajectory, gaining for three consecutive days and delivering a total return of 6.66% during this period. Additionally, Kaynes Technology is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend. The delivery volume of 2.43 lakhs on September 24 has also increased by 56.7% compared to the 5-day average, highlighting rising investor participation.

Overall, Kaynes Technology India Ltd continues to demonstrate solid performance metrics and active trading dynamics, reinforcing its position in the mid-cap market with a market capitalization of Rs 50,577.65 crore.