Aurobindo Pharma Sees Surge in Open Interest Amid Increased Trading Activity
Aurobindo Pharma Ltd. has seen a notable rise in open interest, indicating increased trading activity, with current contracts at 43,805. The stock opened higher, achieving a two-day gain of 4.46%. The Pharmaceuticals & Drugs sector also experienced a positive trend, reflecting strong market engagement.
Aurobindo Pharma Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 43,805 contracts, up from the previous 33,224 contracts, marking a change of 10,581 contracts or a 31.85% increase. The trading volume for the day reached 91,998 contracts, indicating robust market engagement.In terms of price performance, Aurobindo Pharma opened with a notable gain of 6.15% and has recorded a consecutive gain over the past two days, accumulating a total return of 4.46%. The stock reached an intraday high of Rs 1,267.3, reflecting a 9.45% increase during the trading session. The weighted average price suggests that more volume was traded closer to the lower price levels.
Aurobindo Pharma operates within the Pharmaceuticals & Drugs sector, which has seen a gain of 2.23% today. The stock's liquidity remains strong, with a delivery volume of 6.05 lakh shares, up 33.68% compared to the five-day average. Overall, the increase in open interest and trading volume highlights a notable shift in market dynamics for Aurobindo Pharma.
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