Piramal Pharma Sees Significant Rise in Open Interest Amid Market Activity

Jun 04 2025 02:00 PM IST
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Piramal Pharma Ltd has seen a significant rise in open interest, reaching 1,613 contracts, alongside a trading volume of 1,143 contracts, indicating active market engagement. Despite a slight recovery, the stock remains below key moving averages, with a notable decline in delivery volume compared to recent averages.
Piramal Pharma Ltd (PPLPHARMA) has experienced a notable increase in open interest today, reflecting a shift in market dynamics. The latest open interest stands at 1,613 contracts, up from the previous 1,410, marking a change of 203 contracts or a 14.4% increase. This uptick in open interest comes alongside a trading volume of 1,143 contracts, indicating active participation in the derivatives market.

In terms of performance, Piramal Pharma has outperformed its sector by 0.29%, recovering slightly after two consecutive days of decline. The stock is currently 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. Additionally, the delivery volume has decreased significantly, with a reported 9.48 lakh shares delivered on June 3, down 58.29% compared to the 5-day average.

With a market capitalization of Rs 27,179.14 crore, Piramal Pharma operates within the Pharmaceuticals & Biotechnology industry. The total futures and options value is reported at Rs 2,196.156 lakhs, with an underlying value of Rs 204. This data highlights the current trading landscape for Piramal Pharma, emphasizing the recent changes in open interest and overall market activity.
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