Mankind Pharma Sees Significant Surge in Open Interest Amid 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 15,892 contracts, marking a notable rise from the previous open interest of 10,267 contracts. This represents a change of 5,625 contracts, equating to a percentage increase of 54.79%. The trading volume for the day reached 83,386 contracts, indicating robust activity in the market.
In terms of price performance, Mankind Pharma has outperformed its sector by 2.14%, with a 1-day return of 2.78%. The stock has shown consistent gains over the past four days, accumulating an impressive 8.07% return during this period. Today, it reached an intraday high of Rs 2,678, reflecting a 5.27% increase.

Additionally, Mankind Pharma is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The stock's liquidity remains favorable, with a delivery volume of 5.64 lakh shares on July 10, which is 60% higher than the 5-day average delivery volume. Overall, the surge in open interest and positive price movements highlight the stock's active trading environment.