KEI Industries Sees Significant Open Interest Surge Amid Active Market Participation

KEI Industries Ltd, a prominent player in the Cables - Electricals industry, has experienced a significant increase in open interest today. The latest open interest stands at 16,406 contracts, reflecting a rise of 2,065 contracts or 14.4% from the previous open interest of 14,341. This uptick in open interest comes alongside a trading volume of 55,580 contracts, indicating active participation in the market.
In terms of price performance, KEI Industries has outperformed its sector by 0.56%, marking a consecutive gain over the last three days with a total return of 1.71% during this period. The stock reached an intraday low of Rs 3,881.3, representing a decline of 2.73%. Notably, KEI Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

Despite a recent decline in delivery volume, which fell by 23.22% against the 5-day average, the stock remains liquid enough for trades sized at Rs 3.24 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for KEI Industries, reflecting ongoing market activity.