Surge in Open Interest Signals Increased Activity for Sun Pharmaceutical Industries

Apr 03 2025 02:00 PM IST
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Sun Pharmaceutical Industries Ltd has seen a notable rise in open interest, reaching 79,456 contracts, alongside a trading volume of 125,480 contracts. The stock has outperformed its sector, gaining 4.48% over two days, and shows strong upward momentum, trading above key moving averages.
Sun Pharmaceutical Industries Ltd (SUNPHARMA) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 79,456 contracts, up from the previous figure of 62,143, marking a change of 17,313 contracts or a 27.86% increase. The trading volume for the day reached 125,480 contracts, indicating robust participation in the market.

In terms of price performance, Sun Pharma has outperformed its sector by 1.33%, with the stock gaining 4.48% over the last two days. Today, it opened with a gain of 2.41% and reached an intraday high of Rs 1,812.7, reflecting a rise of 5.78%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The pharmaceuticals and drugs sector has also seen a gain of 2.22%, while Sun Pharma's delivery volume on April 2 has increased by 54.45% compared to its 5-day average, indicating rising investor participation. With a market capitalization of Rs 4,30,093.00 crore, Sun Pharmaceutical Industries continues to maintain a solid position in the large-cap segment of the market. Overall, the notable increase in open interest and positive price movements highlight the stock's current momentum within the pharmaceuticals sector.
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