Rail Vikas Nigam Ltd Sees Significant Surge in Open Interest, Indicating Market Dynamics Shift
Rail Vikas Nigam Ltd (RVNL) has seen a substantial rise in open interest, reaching 4,819 contracts, up from 3,379. Trading volume today was 5,834 contracts, with a total futures value of approximately Rs 7,335.20 lakhs. Despite this activity, RVNL's stock performance has lagged behind its sector.
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 4,819 contracts, marking a notable rise from the previous open interest of 3,379 contracts. This change represents an increase of 1,440 contracts, or 42.62%, indicating heightened activity in the derivatives market.In terms of trading volume, RVNL recorded 5,834 contracts today, contributing to a futures value of approximately Rs 7,335.20 lakhs. The total value, including options, reached around Rs 2,730.75 crore, with an overall total of Rs 8,127.64 lakhs. The underlying value of the stock is reported at Rs 403.
Despite this surge in open interest, RVNL's performance today has underperformed its sector by 0.63%, with a 1-day return of -0.57%. The stock is currently trading above its 20-day, 50-day, and 100-day moving averages, but below its 5-day and 200-day moving averages. Additionally, delivery volume has seen a decline of 35.28% compared to the 5-day average, suggesting a decrease in investor participation. Overall, the increase in open interest highlights a notable shift in market dynamics for Rail Vikas Nigam Ltd.
{{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
