Rail Vikas Nigam Sees Surge in Open Interest Amid Market Challenges
Rail Vikas Nigam Ltd (RVNL) has reported a significant increase in open interest, reaching 21,804 contracts amid heightened trading activity. Despite this, the stock has underperformed its sector, experiencing consecutive losses and trading below key moving averages, although delivery volume has notably increased.
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 21,804 contracts, reflecting a rise of 2,711 contracts or 14.2% from the previous open interest of 19,093. This surge comes alongside a trading volume of 31,268 contracts, indicating heightened activity in the derivatives market.Despite this increase in open interest, the stock has underperformed its sector, showing a decline of 1.85% today, while the sector itself gained 0.44%. Over the past two days, RVNL has faced consecutive losses, with a total drop of 4.8%. The stock reached an intraday low of Rs 316.5, down 3.93% from the previous close.
Currently, Rail Vikas Nigam is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. However, there has been a notable increase in delivery volume, which rose by 88.7% compared to the 5-day average, indicating a potential shift in trading dynamics.
In summary, while Rail Vikas Nigam has seen a significant rise in open interest, the stock's recent performance reflects ongoing challenges in the market.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
