Momentumisers: Syngene International in focus, here’s why

Syngene International is one of the stocks that recently got added to the Futures & Options (F&O) list in terms of stocks that are now eligible to trade in the F&O market.

In the final hour of trade on Monday, September 13, the stock did see a big surge and volumes as well were much higher than normal averages; the traded volumes were at around 40 lakh, while the 10-day average is only at around 6.5 lakh and delivery volumes were close to around 14 lakh. The normal delivery volumes on the NSE is around 2.5-3 lakh.

The big surge, in the move seen yesterday on the stock, did come in on higher volumes and also in the F&O market, there was a big surge in open interest as well, it was up roughly around 68 percent during Monday's session.