Mankind Pharma Sees Surge in Open Interest Amid Declining Stock Performance

Jul 01 2025 01:00 PM IST
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Mankind Pharma Ltd has seen a notable rise in open interest, reaching 7,853 contracts, alongside a trading volume of 8,270 contracts, indicating increased activity in the derivatives market. Despite this, the stock has underperformed, declining by 2.10% today and showing reduced delivery volume.
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 7,853 contracts, reflecting a notable rise of 1,496 contracts or 23.53% from the previous open interest of 6,357. This surge coincides with a trading volume of 8,270 contracts, indicating heightened activity in the derivatives market.

Despite this uptick in open interest, Mankind Pharma's stock has underperformed relative to its sector, declining by 2.10% today, while the sector itself saw a smaller drop of 0.64%. The stock has been on a downward trend, having lost 2.82% over the last two days. It reached an intraday low of Rs 2,258, trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Additionally, the stock's delivery volume has decreased by 10.31% compared to its 5-day average, suggesting a decline in investor participation. With a market capitalization of Rs 93,738.95 crore, Mankind Pharma remains a significant entity in the large-cap space. The current developments in open interest highlight a shift in market dynamics, warranting close observation.
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