Rail Vikas Nigam Sees Significant Surge in Open Interest Amid Increased Trading Activity
Rail Vikas Nigam Ltd (RVNL) has seen a notable rise in open interest, reaching 3,281 contracts, alongside a trading volume of 3,980 contracts. The company has outperformed its sector slightly, with significant increases in delivery volume and a strong market capitalization, indicating active investor engagement.
Rail Vikas Nigam Ltd (RVNL), a prominent player in the construction industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 3,281 contracts, up from the previous 2,035 contracts, marking a substantial change of 1,246 contracts or 61.23%. This surge in open interest coincides with a trading volume of 3,980 contracts, indicating robust market engagement.In terms of performance, Rail Vikas Nigam has outperformed its sector by 0.45%, with a 1-day return of 0.12%. The stock's price is currently positioned above its 20-day, 50-day, and 100-day moving averages, although it remains below the 5-day and 200-day moving averages. Notably, the delivery volume reached 50.47 lakh shares on May 30, reflecting a remarkable increase of 95.89% compared to the 5-day average delivery volume, suggesting a rise in investor participation.
With a market capitalization of Rs 84,339 crore, Rail Vikas Nigam continues to demonstrate liquidity, with trading activity sufficient for a trade size of Rs 10.14 crore based on 2% of the 5-day average traded value. This notable spurt in open interest underscores the dynamic trading environment surrounding the stock.
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