Cipla Ltd. Sees 7,627 Call Contracts Traded at Rs 1,600 Strike Price

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, saw significant activity with 7,627 call contracts traded, reflecting a turnover of approximately Rs 409.86 lakhs. The options have an expiry date set for October 28, 2025, with a strike price of Rs 1,600, while the underlying value stands at Rs 1,605.
Despite this activity, Cipla's stock has faced challenges, underperforming its sector by 2.38% and experiencing a consecutive decline over the past two days, resulting in a total drop of 3.73%. The stock reached an intraday low of Rs 1,590, down 3.35% from the previous close. Notably, the stock is currently 4.46% away from its 52-week high of Rs 1,673.

Investor participation has shown a notable increase, with delivery volume rising by 48.54% compared to the five-day average, totaling 13.31 lakhs on October 23. Additionally, the stock remains liquid, with a trade size of Rs 5.7 crore based on 2% of the five-day average traded value. Overall, Cipla's current market dynamics reflect a complex interplay of trading activity and performance metrics, highlighting the stock's position within the market.