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

Aurobindo Pharma Ltd. has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 67,032 contracts, up from the previous figure 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, contributing to a futures value of approximately Rs 98,496.47 lakhs.
In terms of price performance, Aurobindo Pharma's stock has shown a slight decline of 1.03% today, which contrasts with the sector's average decline of 0.65% and the Sensex's drop of 0.50%. The stock's weighted average price indicates that more volume was traded closer to its low price for the day. Additionally, the stock is currently trading above its 5-day, 20-day, and 50-day moving averages, but below its 100-day and 200-day moving averages.

Investor participation has also risen, with a delivery volume of 10.26 lakh shares on October 29, reflecting a significant increase of 109.48% compared to the 5-day average. Aurobindo Pharma, with a market capitalization of Rs 64,175 crore, remains a liquid stock, suitable for trades up to Rs 2.58 crore based on 2% of its 5-day average traded value. Overall, the increase in open interest highlights a shift in trading dynamics for Aurobindo Pharma amidst a mixed performance in the broader market.