Mankind Pharma Sees Surge in Open Interest Amid Stock Decline and Increased Trading Activity

Jun 03 2025 02:00 PM IST
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Mankind Pharma Ltd has seen a notable rise in open interest, reaching 3,196 contracts, alongside a trading volume of 4,102 contracts, indicating increased activity in the derivatives market. Despite this, the stock has declined over the past two days and is trading below key moving averages.
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 3,196 contracts, reflecting a notable rise of 753 contracts or 30.82% from the previous open interest of 2,443. This surge coincides with a trading volume of 4,102 contracts, indicating heightened activity in the derivatives market.

Despite this uptick in open interest, Mankind Pharma's stock has underperformed, showing a decline of 2.26% today, which is more pronounced than the sector's average drop of 0.14%. The stock has faced consecutive losses over the past two days, accumulating a total decline of 4.29%. During today's trading session, the stock reached an intraday low of Rs 2,358, down 2.33% from the previous close.

Mankind Pharma is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a rise in delivery volume, which increased by 47.68% compared to the 5-day average, suggesting a shift in trading dynamics. With a market capitalization of Rs 97,382.11 crore, Mankind Pharma remains a significant entity in the large-cap segment of the market.
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