Mankind Pharma Sees Significant Surge in Open Interest Amid Increased Trading Activity
Mankind Pharma Ltd has seen a notable rise in open interest, reaching 9,963 contracts, alongside a trading volume of 30,821 contracts. The stock has outperformed its sector and is trading above several moving averages, despite a decline in delivery volume. Its market capitalization stands at Rs 1,00,895.67 crore.
Mankind Pharma Ltd, a prominent player in the Pharmaceuticals & Biotechnology sector, has experienced a significant increase in open interest today. The latest open interest stands at 9,963 contracts, reflecting a rise of 1,505 contracts or 17.79% from the previous open interest of 8,458. This surge in open interest coincides with a trading volume of 30,821 contracts, indicating heightened activity in the stock.In terms of price performance, Mankind Pharma has outperformed its sector by 2.69%, reaching an intraday high of Rs 2,462.5, which marks a 4.27% increase for the day. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, the stock has seen a decline in delivery volume, with a reported 1.2 lakh shares delivered on July 3, down 73.61% compared to the 5-day average.
With a market capitalization of Rs 1,00,895.67 crore, Mankind Pharma continues to maintain a solid position in the market. The increase in open interest and trading volume highlights the stock's current activity, reflecting ongoing dynamics within the market.
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