Cyient Ltd. Sees Surge in Open Interest Amid Increased Trading Activity

Mar 24 2025 03:00 PM IST
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Cyient Ltd. has seen a significant rise in open interest, indicating increased trading activity, with current figures at 19,790 contracts. The stock has shown a positive trend over the past week, gaining 10.79%, while its market capitalization stands at Rs 14,702 crore, reflecting its importance in the IT software sector.
Cyient Ltd., a mid-cap player in the IT software industry, has experienced a notable increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 19,790 contracts, up from the previous 17,867 contracts, marking a change of 1,923 contracts or a 10.76% increase. The trading volume for the day reached 13,671 contracts, contributing to a futures value of approximately Rs 27,305.97 lakhs.

In terms of price performance, Cyient has underperformed its sector by 1.64% today, despite a positive trend over the past six days, during which the stock has gained 10.79%. The stock is currently trading above its 5-day and 20-day moving averages but remains below its 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume on March 21 was 1.95 lakh shares, reflecting a 20.57% increase compared to the 5-day average, indicating rising investor participation.

With a market capitalization of Rs 14,702 crore, Cyient continues to be a significant player in its sector. The increase in open interest today highlights the stock's active trading environment, underscoring the ongoing interest in its performance metrics.
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