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

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 15,220 contracts, marking a notable rise of 3,091 contracts or 25.48% from the previous open interest of 12,129 contracts. This surge in open interest coincides with a trading volume of 10,291 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Rail Vikas Nigam has outperformed its sector by 0.29%, with the stock reaching an intraday high of Rs 404, reflecting a gain of 2.27% for the day. The stock's performance is also noteworthy as it remains above its 5-day, 50-day, and 100-day moving averages, although it is trading below its 20-day and 200-day moving averages.

Additionally, the stock has shown rising investor participation, with a delivery volume of 31.85 lakh shares on June 27, which is an impressive 89.11% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 82,942.10 crore, Rail Vikas Nigam continues to demonstrate robust liquidity, suitable for trades of Rs 5.18 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and solid trading metrics highlight the active engagement surrounding Rail Vikas Nigam in the current market environment.