Surge in Open Interest Signals Increased Market Activity for Sun Pharmaceutical Industries

Jun 24 2025 01:00 PM IST
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Sun Pharmaceutical Industries Ltd has seen a significant rise in open interest, reaching 104,048 contracts, alongside a trading volume of 37,104 contracts. The stock has outperformed its sector slightly, though it shows mixed momentum relative to its moving averages. Delivery volume has notably decreased, indicating reduced investor participation.
Sun Pharmaceutical Industries Ltd (symbol: SUNPHARMA) has experienced a notable increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 104,048 contracts, marking a significant rise of 9,711 contracts or 10.29% from the previous open interest of 94,337. This surge coincides with a trading volume of 37,104 contracts, indicating robust engagement from market participants.

In terms of price performance, Sun Pharmaceutical has outperformed its sector by 0.27%, with a one-day return of 0.51%. The stock is currently trading at an underlying value of Rs 1,679. While it is positioned higher than its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages, suggesting mixed momentum in the short to medium term.

Additionally, the stock has seen a decline in delivery volume, which has fallen by 69.91% compared to the 5-day average, indicating a decrease in investor participation. Despite this, the stock maintains sufficient liquidity for trades up to Rs 8.38 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for Sun Pharmaceutical Industries.
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