Rail Vikas Nigam Ltd Sees Surge in Open Interest Amid Increased Trading Activity
Rail Vikas Nigam Ltd (RVNL) has seen a notable rise in open interest, indicating increased trading activity, with current figures at 46,817 contracts. The stock has outperformed its sector, achieving a 1-day return of 3.70% and maintaining strong liquidity, reflecting a robust trading environment.
Rail Vikas Nigam Ltd (RVNL), a mid-cap player in the construction industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 46,817 contracts, up from the previous 40,292 contracts, marking a change of 6,525 contracts or a 16.19% increase. The trading volume for the day reached 81,880 contracts, indicating robust market engagement.In terms of price performance, RVNL has outperformed its sector by 2.99%, with a notable 1-day return of 3.70%. The stock has been on a positive trajectory, gaining for the last seven consecutive days and accumulating a total return of 7.25% during this period. Today, RVNL touched an intraday high of Rs 355.5, reflecting a 5.15% increase.
The stock's liquidity remains strong, with a delivery volume of 18.01 lakh shares on September 12, which is 23.59% higher than the 5-day average delivery volume. Additionally, RVNL's current price is above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. Overall, the notable rise in open interest and consistent price performance underscores the stock's active trading environment.
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