Cipla Ltd. Sees Significant Open Interest Surge Amid Active Market Engagement
Cipla Ltd. has seen a notable rise in open interest, reaching 77,471 contracts, alongside a trading volume of 35,059 contracts. The stock is trading above key moving averages, indicating a strong trend, while delivery volume has decreased significantly. Cipla's market capitalization stands at approximately Rs 1,21,491 crore.
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 77,471 contracts, marking a notable rise of 12,474 contracts or 19.19% from the previous open interest of 64,997. This surge coincides with a trading volume of 35,059 contracts, reflecting active market engagement.In terms of price performance, Cipla's stock has shown resilience, trading in a narrow range of Rs 14.2. The stock is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong trend in its price trajectory. However, it is worth noting that delivery volume has decreased significantly, with a reported delivery volume of 3.63 lakh on June 23, down by 64.08% compared to the 5-day average.
Cipla's market capitalization is approximately Rs 1,21,491 crore, categorizing it as a large-cap stock. The overall liquidity remains favorable, with the stock liquid enough for a trade size of Rs 3.71 crore based on 2% of the 5-day average traded value. This data underscores the current dynamics surrounding Cipla, reflecting both its market position and trading activity.
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