Cipla Sees Significant Open Interest Surge Amid Increased Derivatives Activity

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 72,372 contracts, reflecting a rise of 9,414 contracts or 14.95% from the previous open interest of 62,958. This uptick in open interest coincides with a trading volume of 54,222 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Cipla has underperformed its sector by 1.3%, with a slight decline of 0.03% over the last day. The stock has been trading within a narrow range of Rs 15.3, while it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a stable trend in the short to medium term. Notably, the delivery volume on July 28 reached 19.43 lakh shares, marking a 64.46% increase compared to the 5-day average, which points to rising investor participation.

With a market capitalization of Rs 1,26,575 crore, Cipla continues to maintain a liquid trading environment, suitable for transactions of approximately Rs 8.69 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest alongside stable trading metrics highlights a notable day for Cipla in the market.