Piramal Pharma Sees Surge in Open Interest Amidst Stock Underperformance

Jun 11 2025 03:00 PM IST
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Piramal Pharma Ltd has seen a notable rise in open interest, reaching 6,514 contracts, alongside a trading volume of 4,127 contracts, indicating increased activity in the derivatives market. Despite this, the stock has underperformed, declining by 2.04% today and trading below key moving averages.
Piramal 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 6,514 contracts, reflecting a rise of 643 contracts or 10.95% from the previous open interest of 5,871. This uptick in open interest coincides with a trading volume of 4,127 contracts, indicating heightened activity in the derivatives market.

Despite this notable increase in open interest, Piramal Pharma's stock has underperformed relative to its sector, declining by 2.04% today. Over the past two days, the stock has seen a cumulative drop of 3.62%. Currently, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.

The stock's delivery volume has shown a positive trend, with a delivery volume of 31.9 lakh shares on June 10, marking a 58.49% increase compared to the 5-day average. With a market capitalization of Rs 27,074.13 crore, Piramal Pharma remains a significant entity in the large-cap segment. Overall, the increase in open interest highlights a shift in market dynamics, warranting attention from market participants.
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