Syngene International Sees Surge in Open Interest Amid Active Market Participation

Mar 28 2025 03:00 PM IST
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Syngene International Ltd has seen a notable rise in open interest, reaching 7,612 contracts, alongside a trading volume of 2,417 contracts. The stock has outperformed its sector with a 1.60% return, while experiencing a decline in delivery volume. The company maintains a strong market capitalization of Rs 29,427.47 crore.
Syngene International Ltd, a prominent player in the Pharmaceuticals & Drugs sector, has experienced a significant increase in open interest today. The latest open interest stands at 7,612 contracts, reflecting a rise of 734 contracts or 10.67% from the previous open interest of 6,878. This uptick is accompanied by a trading volume of 2,417 contracts, indicating active market participation.

In terms of price performance, Syngene has outperformed its sector, recording a 1.60% return for the day, while the sector itself saw a decline of 0.35%. The stock is currently trading above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. Notably, there has been a decline in investor participation, with delivery volume dropping by 64.01% compared to the 5-day average.

With a market capitalization of Rs 29,427.47 crore, Syngene International continues to maintain a solid position in the large-cap segment. The increase in open interest, coupled with the current trading dynamics, highlights the stock's active engagement in the market.
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