Syngene International Sees 10.74% Surge in Open Interest to 15,940 Contracts

Syngene International Ltd, a small-cap player in the healthcare services sector, has experienced a notable increase in open interest today. The latest open interest stands at 15,940 contracts, reflecting a rise of 1,546 contracts or 10.74% from the previous open interest of 14,394. This uptick in open interest coincides with a trading volume of 6,983 contracts, indicating heightened activity in the derivatives market.
In terms of performance, Syngene International has outperformed its sector by 0.26%, with a one-day return of 0.54%. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Additionally, the stock has shown rising investor participation, with a delivery volume of 296,000 shares on October 24, marking a 14.65% increase compared to the 5-day average delivery volume.

With a market capitalization of Rs 26,675 crore, Syngene International continues to demonstrate liquidity, suitable for trades of approximately Rs 0.64 crore based on 2% of the 5-day average traded value. The increase in open interest and trading activity highlights the stock's current market dynamics.