Cipla Ltd. Sees Surge with 6,554 Active Call Contracts at Rs 1,600 Strike

Cipla Ltd., a prominent player in the Pharmaceuticals & Biotechnology sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, CIPLA, has seen significant activity with 6,554 call contracts traded, reflecting a turnover of approximately Rs 123.33 lakhs. The options have a strike price of Rs 1,600 and are set to expire on June 26, 2025. Open interest stands at 4,174 contracts, indicating ongoing interest in these options.
In terms of performance, Cipla's stock is currently valued at Rs 1,489.80, showing a 1D return of 0.98%, which is slightly above the sector's return of 0.95% and significantly higher than the Sensex's return of 0.40%. The stock's price movement is currently above its 5-day, 20-day, and 100-day moving averages, although it remains below the 50-day and 200-day moving averages.

Despite a notable decline in delivery volume, which has decreased by nearly 50% compared to the 5-day average, Cipla maintains sufficient liquidity for trades, with a capacity for a trade size of Rs 6.89 crore based on 2% of the 5-day average traded value. Overall, Cipla's activity today highlights its position within the market, reflecting both current trading dynamics and investor engagement.