Cyient Ltd. Sees Surge in Open Interest, Indicating Increased Market Engagement

Apr 22 2025 02:00 PM IST
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Cyient Ltd. has seen a significant rise in open interest, reaching 18,063 contracts, indicating increased trading activity. The day's trading volume hit 13,736 contracts, with a total futures value of approximately Rs 14,610.92 lakhs. Despite recent price underperformance, delivery volume has also increased, suggesting heightened investor interest.
Cyient Ltd., a mid-cap player in the IT software industry, has experienced a notable increase in open interest today, signaling heightened trading activity. The latest open interest stands at 18,063 contracts, reflecting a rise of 1,904 contracts or 11.78% from the previous open interest of 16,159. The trading volume for the day reached 13,736 contracts, contributing to a total futures value of approximately Rs 14,610.92 lakhs.

In terms of price performance, Cyient's stock has underperformed its sector by 1.76%, with a current price of Rs 1,210. The stock touched an intraday low of Rs 1,204, marking a decline of 2.98%. Despite this, the stock remains above its 5-day moving average but below its 20-day, 50-day, 100-day, and 200-day moving averages. Notably, delivery volume has increased by 13.53% compared to the 5-day average, indicating rising investor participation.

Overall, the increase in open interest alongside the current trading metrics highlights a significant shift in market dynamics for Cyient Ltd., reflecting active engagement among traders.
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