Rail Vikas Nigam Sees Significant Open Interest Surge Amid Increased Market Activity
Rail Vikas Nigam Ltd (RVNL) has seen a notable rise in open interest, reaching 18,097 contracts, alongside a trading volume of 11,594 contracts, indicating increased market activity. Despite underperforming its sector, the stock maintains a significant market capitalization and shows rising investor participation.
Rail Vikas Nigam Ltd (RVNL), a prominent player in the construction industry, has experienced a significant increase in open interest today. The latest open interest stands at 18,097 contracts, marking a rise of 2,584 contracts or 16.66% from the previous open interest of 15,513. This uptick in open interest is accompanied by a trading volume of 11,594 contracts, indicating heightened activity in the derivatives market.In terms of financial performance, Rail Vikas Nigam's stock has underperformed its sector by 2.77% today, with a one-day return of -1.46%. The stock is currently trading below its 200-day moving average, although it remains above its 5-day, 20-day, 50-day, and 100-day moving averages. The underlying value of the stock is reported at Rs 426, with a total futures value of approximately Rs 16,087.80 lakhs and an options value of around Rs 5,493.41 crores.
Additionally, the stock has shown rising investor participation, with a delivery volume of 46.71 lakh shares on June 9, reflecting a 2.84% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 88,707.18 crore, Rail Vikas Nigam continues to maintain a liquid trading environment, suitable for transactions up to Rs 16.14 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Rail Vikas Nigam.
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