Rail Vikas Nigam Ltd Sees Significant Surge in Open Interest Amid Increased Trading Activity

Rail Vikas Nigam Ltd (RVNL), a prominent player in the construction industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 10,335 contracts, a substantial rise from the previous open interest of 4,841 contracts, marking a change of 5,494 contracts or an impressive 113.49% increase. The trading volume for the day reached 39,805 contracts, indicating robust market engagement. In terms of price performance, RVNL outperformed its sector by 5.9%, with the stock touching an intraday high of Rs 433.6, representing a 7.39% increase. The weighted average price suggests that more volume was traded closer to the lower end of the price range. While the stock is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. Despite a decline in delivery volume, which fell by 30.07% compared to the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 7.94 crore, supported by a market capitalization of Rs 90,250.10 crore. Overall, the notable spurt in open interest highlights a dynamic trading environment for Rail Vikas Nigam Ltd.