Surge in Open Interest Signals Shift in Market Dynamics for Mankind Pharma

Jun 24 2025 02:01 PM IST
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Mankind Pharma Ltd has seen a notable rise in open interest, reaching 10,527 contracts, alongside a trading volume of 7,229 contracts, indicating heightened market activity. Despite this, the company has underperformed its sector and is trading below key moving averages, reflecting a bearish trend.
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 10,527 contracts, marking a rise of 1,758 contracts or 20.05% from the previous open interest of 8,769. This surge in open interest is accompanied by a trading volume of 7,229 contracts, indicating active participation in the market.

In terms of overall market performance, Mankind Pharma has underperformed its sector by 0.77% today, with a slight decline of 0.2% over the last day. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish trend in the short to medium term. Additionally, the delivery volume has decreased significantly, falling by 58.35% compared to the 5-day average, which suggests a decline in investor participation.

With a market capitalization of Rs 95,134 crore, Mankind Pharma remains a large-cap entity in the industry. The total futures value is reported at Rs 16,843.46 lakhs, while the options value is notably high at Rs 2,176.47 crore. Overall, the notable increase in open interest highlights a shift in market dynamics for Mankind Pharma, warranting attention from market observers.
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