Piramal Pharma Sees Significant Surge in Open Interest Amid Increased Trading Activity
Piramal Pharma Ltd has seen a significant rise in open interest, reaching 10,857 contracts, alongside a trading volume of 19,168 contracts. The stock has outperformed its sector, showing consistent gains over three days and robust liquidity, while trading above several moving averages.
Piramal Pharma Ltd, a prominent player in the Pharmaceuticals & Biotechnology sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 10,857 contracts, marking a notable rise of 2,199 contracts or 25.4% from the previous OI of 8,658. This surge in OI coincides with a trading volume of 19,168 contracts, indicating heightened activity in the stock.In terms of performance, Piramal Pharma has outperformed its sector by 2.29% today, with a 1D return of 3.27%. The stock has shown consistent gains over the past three days, accumulating a total return of 7.1% during this period. It reached an intraday high of Rs 215.99, reflecting a 3.9% increase.
The stock's liquidity remains robust, with a delivery volume of 60.74 lakh shares on July 14, which is up by 344.76% compared to the five-day average. Additionally, the stock is 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 increase in open interest for Piramal Pharma highlights a shift in market dynamics, reflecting the stock's active trading environment and solid performance metrics.
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