Surge in Open Interest Signals Increased Market Activity for Syngene International

Mar 24 2025 02:00 PM IST
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Syngene International Ltd has seen a significant rise in open interest, reaching 13,230 contracts, alongside a trading volume of 8,227 contracts. The stock has outperformed its sector slightly and has shown consistent gains over the past two days, despite a decline in delivery volume.
Syngene International Ltd, a prominent player in the Pharmaceuticals & Drugs sector, has recently experienced a significant increase in open interest (OI). The latest OI stands at 13,230 contracts, marking a notable rise of 2,940 contracts or 28.57% from the previous OI of 10,290. This surge in OI coincides with a trading volume of 8,227 contracts, reflecting active market engagement.

In terms of price performance, Syngene has outperformed its sector by 0.27%, with a 1D return of 0.81%. The stock has shown consistent gains over the past two days, accumulating a total return of 2.41% during this period. While the stock is currently trading above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages, indicating mixed momentum.

Despite a decline in delivery volume, which fell by 43.3% against the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 1.33 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Syngene International, reflecting ongoing activity in the stock.
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