KEI Industries Sees 10.26% Rise in Open Interest, Reaching 15,028 Contracts

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 15,028 contracts, reflecting a rise of 1,399 contracts or 10.26% from the previous open interest of 13,629. This surge in open interest coincides with a trading volume of 22,466 contracts, indicating heightened activity in the derivatives market.
In terms of performance, KEI Industries has shown resilience, gaining 3.8% over the past four days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The stock's 1-day return is recorded at 1.15%, aligning with the sector's performance.

Additionally, the delivery volume on October 14 reached 123,000 shares, marking a notable increase of 77.75% compared to the 5-day average delivery volume. With a market capitalization of Rs 41,996 crore, KEI Industries continues to demonstrate robust liquidity, supporting trade sizes of Rs 1.71 crore based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest highlights the active trading environment surrounding KEI Industries.