Alkem Laboratories Sees Surge in Open Interest Amid Dynamic Trading Activity

Apr 23 2025 03:01 PM IST
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Alkem Laboratories Ltd has seen a notable rise in open interest, reaching 14,262 contracts, alongside a trading volume of 16,706 contracts. The stock has outperformed its sector and achieved a significant price increase, although investor participation has declined, as indicated by a drop in delivery volume.
Alkem Laboratories Ltd, a prominent player in the Pharmaceuticals & Drugs sector, has experienced a significant increase in open interest today. The latest open interest stands at 14,262 contracts, reflecting a rise of 1,914 contracts or 15.5% from the previous open interest of 12,348. This uptick coincides with a trading volume of 16,706 contracts, indicating robust activity in the derivatives market.

In terms of price performance, Alkem Laboratories has outperformed its sector by 2.66%, marking a notable gain of 5.16% over the last three days. The stock reached an intraday high of Rs 5,221.90, representing a 4.15% increase for the day. While the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below its 200-day moving average.

Despite the positive price movement, there has been a decline in investor participation, with delivery volume dropping by 66.89% compared to the 5-day average. The stock maintains sufficient liquidity for trades, with a market capitalization of Rs 62,281.41 crore. Overall, the increase in open interest and recent price performance highlights a dynamic trading environment for Alkem Laboratories.
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