Divis Laboratories Sees Surge with 7,266 Active Call Options at Rs 7,000 Strike

Divis Laboratories Ltd, a prominent player in the Pharmaceuticals & Biotechnology sector, has emerged as one of the most active stocks today. The company’s underlying asset, DIVISLAB, has seen significant trading activity, with 7,266 call contracts exchanged, resulting in a turnover of approximately Rs 1,426.39 lakhs. The options have an expiry date set for July 31, 2025, with a strike price of Rs 7,000 and an open interest of 2,286 contracts.
Today, Divis Laboratories reached a new 52-week high of Rs 7,071.50, reflecting a 2.66% increase from the previous close. The stock has outperformed its sector by 1.9%, showcasing its resilience in a challenging market environment. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Despite this positive performance, there has been a notable decline in investor participation, with delivery volume dropping by 82.8% compared to the 5-day average. However, the stock remains liquid enough for trades up to Rs 4.11 crore, based on 2% of the 5-day average traded value. Overall, Divis Laboratories continues to demonstrate robust performance metrics amidst fluctuating market conditions.