Syngene International Sees 18.59% Surge in Open Interest to 17,622 Contracts

Syngene International Ltd, a small-cap player in the healthcare services sector, has experienced a significant increase in open interest today. The latest open interest stands at 17,622 contracts, reflecting a rise of 2,762 contracts or 18.59% from the previous open interest of 14,860. This uptick in open interest comes alongside a trading volume of 9,241 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Syngene has outperformed its sector by 0.39%, with a stock return of -0.04% for the day, compared to a sector return of -0.43% and a Sensex return of -0.21%. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average.

Additionally, the delivery volume on October 23 reached 516,000 shares, marking a substantial increase of 116.31% against the 5-day average delivery volume. With a market capitalization of Rs 26,733 crore, Syngene International continues to demonstrate liquidity, with a trade size of Rs 0.67 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest highlights a shift in market dynamics for Syngene International.