Surge in Open Interest for Sun Pharmaceutical Amid Declining Stock Performance

May 12 2025 11:00 AM IST
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Sun Pharmaceutical Industries Ltd has seen a notable rise in open interest, reaching 89,931 contracts, alongside a trading volume of 89,946 contracts. However, the stock has underperformed, declining by 3.58% today and 8.07% over the past five days, with reduced delivery volume and bearish trends evident.
Sun Pharmaceutical Industries Ltd (SUNPHARMA) has experienced a significant increase in open interest today, reflecting notable trading activity in the stock. The latest open interest stands at 89,931 contracts, up from the previous 76,000, marking a change of 13,931 contracts or an 18.33% increase. The trading volume for the day reached 89,946 contracts, indicating robust participation in the futures market.

Despite this surge in open interest, the stock has underperformed relative to its sector, declining by 3.58% today. Over the past five days, SUNPHARMA has seen a cumulative drop of 8.07%, with the stock opening down 2.81% today and hitting an intraday low of Rs 1,623.6, a decrease of 6.95%. The weighted average price suggests that more volume was traded closer to this low price point.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 44.53% compared to the 5-day average. Overall, while the increase in open interest is noteworthy, it occurs against a backdrop of declining stock performance and reduced investor participation.
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