Sun Pharma Sees 5,063 Call Contracts Trade at Rs 1,600 Strike Price

Sun Pharmaceutical Industries Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment. The company, operating within the Pharmaceuticals & Biotechnology industry, has seen significant trading activity in its call options, with 5,063 contracts traded for a strike price of Rs 1,600, resulting in a turnover of approximately Rs 162.85 lakhs. The open interest stands at 4,700 contracts, indicating a robust interest in this option.
As of the latest data, Sun Pharmaceutical's underlying value is Rs 1,608.4, positioning it close to its 52-week low, just 3.21% away from Rs 1,548. The stock has outperformed its sector by 0.38% today, with a 1.30% return compared to the sector's 1.04% and the Sensex's 0.36% return. However, it is noteworthy that Sun Pharma is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a downward trend in the short to medium term.

Investor participation has notably increased, with a delivery volume of 36.98 lakhs on September 26, reflecting a 142.48% rise against the 5-day average delivery volume. The stock's liquidity remains healthy, accommodating trade sizes of Rs 10.07 crores based on 2% of the 5-day average traded value. Overall, Sun Pharmaceutical Industries Ltd continues to attract attention in the market, driven by its active options trading and notable performance metrics.