Cipla Ltd. Sees 10.63% Surge in Open Interest to 48,268 Contracts

Cipla Ltd., a prominent player in the Pharmaceuticals & Biotechnology sector, has experienced a significant increase in open interest today. The latest open interest stands at 48,268 contracts, reflecting a rise of 4,636 contracts or 10.63% from the previous open interest of 43,632. This uptick coincides with a trading volume of 68,151 contracts, indicating robust activity in the derivatives market.
In terms of price performance, Cipla has outperformed its sector by 1.73%, with a notable 1-day return of 3.18%. The stock has shown consistent gains over the past two days, accumulating a total return of 4.28% during this period. Today, Cipla reached an intraday high of Rs 1,560, marking a 3.1% increase.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 22.65% compared to the 5-day average. Nevertheless, the stock remains liquid, with a trade size of Rs 3.09 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest alongside the stock's performance metrics highlights a dynamic trading environment for Cipla Ltd.