Mankind Pharma Sees Significant Surge in Open Interest Amid Strong Market Activity
Mankind Pharma Ltd has seen a significant rise in open interest, reaching 16,127 contracts, alongside a trading volume of 107,618 contracts. The stock has outperformed its sector, gaining 7.41% over four days, and shows strong liquidity with a market capitalization of Rs 1,07,070.09 crore.
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 16,127 contracts, marking a notable rise from the previous open interest of 10,267 contracts. This represents a change of 5,860 contracts, or an increase of 57.08%. The trading volume for the day reached 107,618 contracts, indicating robust activity in the market.In terms of price performance, Mankind Pharma has outperformed its sector by 1.04%, with the stock gaining 7.41% over the last four days. Today, it touched an intraday high of Rs 2,678, reflecting a 5.27% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.
Additionally, the delivery volume on July 10 was recorded at 564,000 shares, which is a 60% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 1,07,070.09 crore, Mankind Pharma continues to demonstrate solid liquidity, making it a notable entity in the large-cap segment of the market. Overall, the surge in open interest and positive price movements highlight the stock's current market dynamics.
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