Piramal Pharma Sees Surge in Open Interest Amid Increased Trading Activity
Piramal Pharma Ltd has seen a notable rise in open interest, reaching 13,479 contracts, alongside a trading volume of 21,884 contracts. The stock has outperformed its sector and achieved consistent gains over the past two days, despite a decline in investor participation and delivery volume.
Piramal Pharma Ltd, a small-cap player in the Pharmaceuticals & Biotechnology sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 13,479 contracts, marking a rise of 1,963 contracts or 17.05% from the previous OI of 11,516. This uptick in OI coincides with a trading volume of 21,884 contracts, indicating heightened activity in the stock.In terms of price performance, Piramal Pharma has outperformed its sector by 1.69%, with a 1D return of 2.19%. The stock has shown consistent gains over the past two days, accumulating a total return of 2.13% during this period. Today, it reached an intraday high of Rs 209.44, reflecting a 3% increase.
Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 46.95% compared to the five-day average. The stock remains liquid enough for trades sized at Rs 1.26 crore, based on 2% of the five-day average traded value.
Overall, the increase in open interest alongside the stock's recent performance highlights a dynamic trading environment for Piramal Pharma, underscoring its current market activity.
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