Piramal Pharma Sees Surge in Open Interest Amid Increased Market Activity

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 1,109 contracts, marking a notable rise from the previous open interest of 748 contracts, resulting in a change of 361 contracts or an increase of 48.26%. The trading volume for the day reached 1,093 contracts, indicating active participation in the market.
In terms of financial metrics, the future value is reported at Rs 2,302.82 lakhs, while the options value is significantly higher at Rs 359,947.83 lakhs, contributing to a total value of Rs 2,394.67 lakhs. The underlying value of the stock is noted at Rs 206.

Despite this surge in open interest, Piramal Pharma's stock has shown a slight decline of 0.11% today, which is in line with the sector's performance, as both the sector and the Sensex recorded a decrease of 0.13%. The stock remains liquid enough for trading, with a delivery volume of 29.46 lakhs, reflecting a 45.83% increase compared to the five-day average delivery volume.

In summary, the notable rise in open interest for Piramal Pharma highlights increased trading activity, although the stock has faced a minor setback in its price today.