Rail Vikas Nigam Ltd Sees Significant Surge in Open Interest Amid Active Market Participation
Rail Vikas Nigam Ltd (RVNL) has seen a notable rise in open interest, reaching 17,320 contracts, alongside a trading volume of 8,922 contracts. Despite underperforming its sector, the stock maintains a market capitalization of Rs 88,926.11 crore, indicating active investor participation and a liquid trading environment.
Rail Vikas Nigam Ltd (RVNL), a prominent player in the construction industry, has experienced a significant increase in open interest today. The latest open interest stands at 17,320 contracts, reflecting a rise of 1,807 contracts or 11.65% from the previous open interest of 15,513. This uptick in open interest comes alongside a trading volume of 8,922 contracts, indicating active participation in the market.In terms of financial metrics, the stock's performance today has underperformed its sector by 2.6%, with a one-day return of -1.22%. The stock is currently trading below its 200-day moving average, although it remains above the 5-day, 20-day, 50-day, and 100-day moving averages. The underlying value of the stock is reported at Rs 426, with a total futures value of Rs 12,857.73 lakhs and an options value of approximately Rs 4,203.63 crores.
Additionally, the stock has shown rising investor participation, with a delivery volume of 46.71 lakh shares on June 9, marking a 2.84% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 88,926.11 crore, Rail Vikas Nigam continues to maintain a liquid trading environment, suitable for transactions of Rs 16.14 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Rail Vikas Nigam Ltd.
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