Mankind Pharma Sees Significant Surge in Open Interest Amidst Strong Market Activity

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 16,403 contracts, marking a notable rise from the previous open interest of 10,267 contracts. This represents a change of 6,136 contracts, or an impressive 59.76% increase. The trading volume for the day reached 101,721 contracts, indicating robust activity in the market.
In terms of price performance, Mankind Pharma has outperformed its sector by 1.38%, with the stock gaining 7.67% over the past four days. Today, it touched an intraday high of Rs 2,678, reflecting a 5.27% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the delivery volume on July 10 was recorded at 564,000 shares, which is a 60% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 1,07,045.33 crore, Mankind Pharma continues to demonstrate solid liquidity, supporting trade sizes of up to Rs 4.25 crore. Overall, the surge in open interest and positive price movements highlight the stock's active trading environment.