Aurobindo Pharma Sees Surge in Open Interest Amid Increased Market Activity

Aurobindo Pharma Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 68,148, up from the previous figure of 49,844, marking a change of 18,304, or 36.72%. This surge in open interest coincides with a trading volume of 37,321, indicating heightened market engagement.
In terms of performance, Aurobindo Pharma has shown a 1D return of 0.66%, which is in line with the sector's 1D return of 0.27% and the Sensex's 1D return of 0.39%. The stock has been on a positive trajectory, gaining for the last three days with a total return of 2.13% during this period. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a divergence from longer-term trends.

Despite a recent decline in delivery volume, which fell by 83.98% against the 5-day average, Aurobindo Pharma maintains sufficient liquidity for trades, with a market cap of Rs 64,863.40 Cr. Overall, the increase in open interest highlights a dynamic trading environment for Aurobindo Pharma, reflecting the stock's current market position.