Divis Laboratories Sees 16.56% Surge in Open Interest Amid Increased Trading Activity

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 51,280 contracts, reflecting a rise of 7,286 contracts or 16.56% from the previous open interest of 43,994. This surge coincides with a trading volume of 77,115 contracts, indicating robust activity in the derivatives market.
In terms of price performance, Divis Laboratories has outperformed its sector by 2.52%, marking a consecutive gain over the last two days with a total return of 7.23% during this period. The stock reached an intraday high of Rs 6,267.5, representing a 2.67% increase. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

Additionally, the delivery volume on October 7 has seen a substantial rise of 82.18% compared to the 5-day average, with a total delivery volume of 561,000 shares. With a market capitalization of Rs 1,62,918 crore, Divis Laboratories continues to demonstrate strong liquidity, supporting a trade size of Rs 6.92 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and positive price performance underscores the stock's active trading environment.