Rail Vikas Nigam Ltd Sees Significant Open Interest Surge Amid Active Trading Environment

Rail Vikas Nigam Ltd (RVNL), a mid-cap player in the construction industry, has experienced a significant increase in open interest today. The latest open interest stands at 27,284 contracts, reflecting a rise of 3,216 contracts or 13.36% from the previous open interest of 24,068. This uptick in open interest coincides with a trading volume of 36,118 contracts, indicating active participation in the market.
In terms of price performance, RVNL has outperformed its sector by 5.51%, marking a consecutive gain over the last two days with a total return of 10.71% during this period. The stock reached an intraday high of Rs 339.5, representing a 7.54% increase. The weighted average price suggests that more volume was traded closer to the lower price range, while the stock's moving averages indicate it is above the 5-day and 20-day averages but below the 50-day, 100-day, and 200-day averages.

Despite a slight decline in delivery volume, which fell by 7.1% against the 5-day average, the stock remains liquid enough for a trade size of Rs 3.64 crore, based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and the stock's recent performance highlight a dynamic trading environment for Rail Vikas Nigam Ltd.