Syngene International Sees 26.93% Surge in Open Interest to 18,862 Contracts
Syngene International Ltd has seen a significant rise in open interest, reaching 18,862 contracts, alongside a trading volume of 13,025 contracts. The total futures and options values amount to Rs 50,126.19 lakhs. The stock is performing well relative to its moving averages, with increased delivery volume noted.
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 18,862 contracts, reflecting a notable rise of 4,002 contracts or 26.93% from the previous open interest of 14,860. This surge coincides with a trading volume of 13,025 contracts, indicating heightened activity in the derivatives market.In terms of financial metrics, the total futures value is reported at Rs 49,791.67 lakhs, while the options value reaches an impressive Rs 3,715,072.02 lakhs, bringing the total value to Rs 50,126.19 lakhs. The underlying value of the stock is currently at Rs 658.
On the price performance front, Syngene's stock has shown resilience, trading inline with its sector. It is positioned higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, the delivery volume on October 23 has surged by 116.31% compared to the 5-day average, suggesting increased trading activity.
In summary, the notable spurt in open interest for Syngene International highlights a dynamic trading environment, reflecting the stock's current market engagement without indicating future trends.
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