Divis Laboratories Sees 16,588 Call Contracts Traded at Rs 6,000 Strike Price

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 stock, DIVISLAB, has seen significant trading activity, with 16,588 call contracts traded at a strike price of Rs 6,000, resulting in a turnover of approximately Rs 2,593.37 lakhs. The open interest stands at 955 contracts, indicating a robust interest in this option.
Today, Divis Laboratories outperformed its sector by 1.18%, reflecting a positive trend as the stock has gained 5.89% over the last two days. The underlying value of the stock is currently at Rs 6,116. In terms of moving averages, the stock is trading above the 5-day, 20-day, 50-day, and 200-day averages, although it remains below the 100-day moving average.

Investor participation has also increased, with a delivery volume of 561,000 shares on October 7, marking an 82.18% rise compared to the 5-day average. The stock's liquidity remains strong, accommodating trades of up to Rs 6.92 crore based on 2% of the 5-day average traded value. Overall, Divis Laboratories continues to demonstrate solid performance metrics and market activity.