Aurobindo Pharma Sees 11.14% Surge in Open Interest, Reaching 67,032 Contracts

Aurobindo Pharma Ltd. has experienced a significant increase in open interest (OI) today, reflecting heightened trading activity in the stock. The latest OI stands at 67,032 contracts, up from the previous OI of 60,314, marking a change of 6,718 contracts or an 11.14% increase. The trading volume for the day reached 27,938 contracts, indicating robust participation in the market.
In terms of price performance, Aurobindo Pharma's stock has shown a slight decline of 0.60% today, which is in line with the sector's performance, as the Pharmaceuticals & Biotechnology industry also recorded a 0.78% drop. Despite this, the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is trading below its 200-day moving average.

Notably, the delivery volume surged to 10.26 lakh shares on October 29, reflecting a 109.48% increase compared to the 5-day average delivery volume, suggesting rising investor participation. The stock's liquidity remains favorable, with a trading capacity of Rs 2.58 crore based on 2% of the 5-day average traded value.

In summary, Aurobindo Pharma's notable increase in open interest and delivery volume highlights active trading dynamics, even as the stock experiences a minor decline in price today.