Piramal Pharma Sees Surge in Open Interest Amid Increased Trading Activity
Piramal Pharma Ltd has seen a notable rise in open interest, reaching 10,752 contracts, alongside a trading volume of 16,486 contracts. The stock has outperformed its sector, gaining 3.19% today and showing a consistent upward trend over the past three days, with robust liquidity reflected in delivery volumes.
Piramal Pharma Ltd (PPLPHARMA) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 10,752 contracts, up from the previous 8,658 contracts, marking a change of 2,094 contracts or a 24.19% increase. The trading volume for the day reached 16,486 contracts, contributing to a total futures value of approximately Rs 22,121.82 lakhs.In terms of price performance, Piramal Pharma has outperformed its sector by 2.31% today, with the stock gaining 3.19% on the day. Over the past three days, the stock has shown a consistent upward trend, accumulating a total return of 7.09%. The stock reached an intraday high of Rs 215.4, reflecting a 3.62% increase.
Piramal Pharma's liquidity remains robust, with a delivery volume of 60.74 lakhs on July 14, which is a remarkable 344.76% increase compared to the five-day average delivery volume. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.
In summary, the notable rise in open interest alongside strong trading volume and positive price performance underscores the active engagement in Piramal Pharma's stock today.
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