Divis Laboratories Sees 11.55% Surge in Open Interest, Reaching 64,386 Contracts

Divis Laboratories Ltd, a prominent player in the Pharmaceuticals & Biotechnology sector, has experienced a significant increase in open interest today. The latest open interest stands at 64,386 contracts, reflecting a rise of 6,667 contracts or 11.55% from the previous open interest of 57,719. This uptick in open interest comes alongside a trading volume of 39,037 contracts, indicating heightened activity in the stock.
In terms of market performance, Divis Laboratories has outperformed its sector by 0.47%, marking a trend reversal after three consecutive days of decline. The stock is currently positioned above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average. Notably, the delivery volume on October 23 reached 205,000 shares, an increase of 11.9% compared to the 5-day average delivery volume, suggesting a rise in investor participation.

With a market capitalization of Rs 1,74,200.48 crore, Divis Laboratories continues to demonstrate liquidity, supporting trade sizes of Rs 3.58 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading activity highlights a notable shift in market dynamics for Divis Laboratories.