Rail Vikas Nigam Ltd Sees Significant Open Interest Surge Amid Mixed Performance Indicators
Rail Vikas Nigam Ltd (RVNL) has seen a significant rise in open interest, reaching 30,278 contracts, alongside a trading volume of 12,058 contracts. Despite this uptick, the stock has underperformed its sector and experienced a decline in delivery volume, indicating mixed performance in market activity.
Rail Vikas Nigam Ltd (RVNL), a mid-cap player in the construction industry, has experienced a notable increase in open interest (OI) today. The latest OI stands at 30,278 contracts, reflecting a rise of 2,914 contracts or 10.65% from the previous OI of 27,364. This uptick in OI comes alongside a trading volume of 12,058 contracts, indicating active market participation.In terms of financial metrics, the future value of the stock is reported at Rs 22,173.76 lakhs, while the options value is significantly higher at Rs 3,287.67 crores, contributing to a total value of Rs 22,560.33 lakhs. The underlying value of the stock is noted at Rs 329.
Despite this increase in OI, RVNL has underperformed its sector by 1.11% today, with a 1D return of -0.57%. The stock has also shown a trend reversal, falling after two consecutive days of gains. Additionally, the stock's delivery volume has decreased by 14.18% compared to its 5-day average, suggesting a decline in investor participation.
Overall, the increase in open interest highlights a significant shift in trading activity for Rail Vikas Nigam Ltd, amidst a backdrop of mixed performance indicators.
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