Aurobindo Pharma Sees 10.64% Surge in Open Interest Amid Increased Market Activity

Aurobindo Pharma Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 58,393 contracts, marking a rise of 5,614 contracts or 10.64% from the previous open interest of 52,779. The trading volume for the day reached 53,012 contracts, indicating robust participation in the market.
In terms of price performance, Aurobindo Pharma's stock has shown resilience, outperforming its sector by 0.9%. However, it did touch an intraday low of Rs 1,072, representing a decline of 2.28%. The stock is currently trading above its 20-day moving averages but below the 5-day, 50-day, 100-day, and 200-day moving averages, suggesting mixed momentum in its short-term performance.

The pharmaceuticals and biotechnology sector overall has seen a decline of 2.16%, while Aurobindo Pharma's stock recorded a 1D return of -1.25%. With a market capitalization of Rs 63,334 crore, Aurobindo Pharma remains a notable player in the mid-cap segment of the industry. The increase in open interest, coupled with the trading volume, highlights the stock's active engagement in the market today.