Syngene International Sees Surge in Open Interest Amid Active Derivatives Market Participation

Syngene International Ltd, a player in the Healthcare Services sector, has experienced a significant increase in open interest today. The latest open interest stands at 16,079 contracts, marking a rise of 2,270 contracts or 16.44% from the previous open interest of 13,809 contracts. This uptick in open interest comes alongside a trading volume of 5,665 contracts, indicating active participation in the derivatives market.
In terms of financial metrics, Syngene's future value is reported at Rs 25,233.93 lakhs, while the options value is notably high at Rs 1,305,089.49 lakhs, contributing to a total value of Rs 25,314.62 lakhs. The underlying value of the stock is currently at Rs 666.

On the price performance front, Syngene's stock has shown a slight decline of 0.04% today, which is in line with the sector's performance, as the sector index has risen by 0.29%. The stock's moving averages indicate it is trading higher than the 50-day and 100-day averages but lower than the 5-day, 20-day, and 200-day averages. Additionally, there has been a notable decrease in delivery volume, which has fallen by 70.05% compared to the 5-day average.

In summary, the notable increase in open interest for Syngene International reflects heightened activity in its derivatives market, while the stock's performance metrics indicate a mixed trading environment.