Syngene International Sees Significant Rise in Open Interest Amid Market Activity

Mar 24 2025 12:00 PM IST
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Syngene International Ltd has seen a significant rise in open interest, reaching 11,623 contracts, alongside a trading volume of 4,922 contracts today. Despite underperforming its sector slightly, the stock has shown a positive trend over the past two days and maintains a substantial market capitalization.
Syngene International Ltd, a prominent player in the Pharmaceuticals & Drugs sector, has experienced a notable increase in open interest today. The latest open interest stands at 11,623 contracts, reflecting a rise of 1,333 contracts or 12.95% from the previous open interest of 10,290. The trading volume for the day reached 4,922 contracts, contributing to a total futures value of approximately Rs 20,289.495 lakhs.

In terms of price performance, Syngene has underperformed its sector by 0.34% today, although it has shown a positive trend over the last two days, gaining 1.94% during this period. The stock is currently trading above its 5-day and 20-day moving averages, yet remains below its 50-day, 100-day, and 200-day moving averages. Notably, there has been a decline in investor participation, with delivery volume dropping by 43.3% compared to the 5-day average.

With a market capitalization of Rs 28,831.71 crore, Syngene International continues to maintain a significant presence in the market. The increase in open interest may indicate heightened trading activity, reflecting the stock's current dynamics.
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