Mankind Pharma Sees Significant Open Interest Surge Amid Mixed Market Signals

Jun 24 2025 01:00 PM IST
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Mankind Pharma Ltd has seen a significant rise in open interest, reaching 10,265 contracts, alongside a trading volume of 6,301 contracts. Despite this increase, the stock has underperformed its sector and is trading below key moving averages, indicating potential challenges ahead. Delivery volume has also decreased notably.
Mankind Pharma Ltd, a prominent player in the Pharmaceuticals & Biotechnology sector, has experienced a notable increase in open interest today. The latest open interest stands at 10,265 contracts, reflecting a rise of 1,496 contracts or 17.06% from the previous open interest of 8,769. This surge in open interest comes alongside a trading volume of 6,301 contracts, indicating active market participation.

In terms of financial metrics, Mankind Pharma's futures value is reported at Rs 15,039.46 lakhs, while the options value is significantly higher at Rs 1,860,045.286 lakhs, bringing the total value to Rs 15,135.13 lakhs. The underlying value of the stock is noted at Rs 2,309.

Despite this increase in open interest, Mankind Pharma has underperformed its sector by 0.45% today, with a modest stock return of 0.34%. The stock has been on a slight upward trend over the past two days, gaining 0.92%. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential challenge in maintaining momentum. Additionally, delivery volume has decreased significantly, falling by 58.35% compared to the 5-day average.

In summary, while Mankind Pharma shows increased open interest, the stock's performance metrics suggest a complex market environment.
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