Rail Vikas Nigam Ltd Sees 11.67% Surge in Open Interest to 44,762

Rail Vikas Nigam Ltd (RVNL), a mid-cap player in the construction industry, has experienced a notable increase in open interest today. The latest open interest stands at 44,762, reflecting a rise of 4,678 from the previous open interest of 40,084, marking an 11.67% change. The trading volume for the day reached 17,699, contributing to a futures value of approximately Rs 21,094.12 lakhs and an options value of around Rs 6,687.41 lakhs, bringing the total value to Rs 22,470.46 lakhs.
In terms of price performance, RVNL underperformed its sector by 1.67%, with a one-day return of -1.80%. The stock is currently positioned higher than its 5-day, 20-day, and 50-day moving averages, yet remains below its 100-day and 200-day moving averages. Notably, delivery volume surged to 18.71 lakh shares on October 7, reflecting an increase of 82.52% compared to the 5-day average delivery volume. The stock's liquidity remains robust, accommodating trade sizes of Rs 3.22 crore based on 2% of the 5-day average traded value.

Overall, the increase in open interest alongside significant trading volume highlights a shift in market dynamics for Rail Vikas Nigam Ltd, warranting attention from market participants.