KEI Industries Sees Surge in Open Interest Amid Increased Trading Activity

Mar 21 2025 01:00 PM IST
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KEI Industries Ltd has seen a notable increase in open interest, reaching 65,335 contracts, indicating heightened trading activity. The stock is trading near its 52-week low but has outperformed its sector. A significant surge in delivery volume highlights robust market engagement for the company in the cable industry.
KEI Industries Ltd, a prominent player in the cable industry, has experienced a significant increase in open interest today, signaling heightened trading activity. The latest open interest stands at 65,335 contracts, reflecting a rise of 7,752 contracts or 13.46% from the previous open interest of 57,583. The trading volume for the day reached 113,615 contracts, indicating robust market engagement.

In terms of price performance, KEI Industries is currently trading close to its 52-week low, just 4.09% above the low of Rs 2,762.25. The stock touched an intraday high of Rs 2,936.75, marking a 3.37% increase for the day. Notably, KEI Industries has outperformed its sector, achieving a 1.82% return compared to the sector's 0.30% and the Sensex's 0.81% return.

Despite trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the stock has seen a remarkable surge in delivery volume, which increased by 1,733.01% against the 5-day average. With a market capitalization of Rs 27,642.89 crore, KEI Industries remains a significant entity in the cable sector. The notable rise in open interest today underscores the stock's active trading environment.
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