Cipla Ltd. Sees Significant Open Interest Surge Amid Mixed Trading Performance

Apr 23 2025 03:00 PM IST
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Cipla Ltd. has seen a notable rise in open interest, reaching 78,861 contracts, alongside a trading volume of 44,175 contracts today. Despite underperforming its sector, the stock has shown positive movement over the past two days and remains above key moving averages, although investor participation has declined.
Cipla Ltd., a prominent player in the Pharmaceuticals & Drugs industry, has experienced a significant increase in open interest today. The latest open interest stands at 78,861 contracts, reflecting a rise of 9,888 contracts or 14.34% from the previous open interest of 68,973. The trading volume for the day reached 44,175 contracts, contributing to a total futures value of approximately Rs 90,595.81 lakhs.

In terms of price performance, Cipla has underperformed its sector by 1.12% today, although it has shown a positive trend over the last two days, gaining 1.26% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. However, there has been a notable decline in investor participation, with delivery volume dropping by 31.53% compared to the 5-day average.

Cipla's market capitalization is approximately Rs 1,23,404 crore, categorizing it as a large-cap stock. The increase in open interest, coupled with the stock's recent performance metrics, highlights the current dynamics within Cipla's trading environment.
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