Surge in Open Interest Signals Increased Trading Activity for Rail Vikas Nigam Ltd

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 31,501 contracts, reflecting a rise of 4,137 contracts or 15.12% from the previous open interest of 27,364. This surge in open interest comes alongside a trading volume of 15,759 contracts, indicating active participation in the derivatives market.
In terms of financial metrics, the future value of the stock is reported at Rs 29,696.83 lakhs, while the options value is significantly higher at Rs 4,202.85 crores, contributing to a total value of Rs 30,190.33 lakhs. The underlying value of the stock is noted at Rs 328.

Despite this increase in open interest, RVNL has underperformed its sector by 1.56% today, with a 1D return of -0.59%. The stock has shown a trend reversal, falling after two consecutive days of gains. Additionally, the stock's performance relative to moving averages indicates it is above the 5-day average but below the 20, 50, 100, and 200-day averages.

Overall, the increase in open interest highlights a significant shift in trading activity for Rail Vikas Nigam, amidst a backdrop of mixed performance metrics.