Divis Laboratories Sees Surge in Call Options with 5,843 Contracts at Rs 6,300 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 stock, DIVISLAB, has seen significant trading activity, with 5,843 call contracts traded at a strike price of Rs 6,300, resulting in a turnover of approximately Rs 291.92 lakhs. The open interest stands at 1,815 contracts, indicating a robust interest in this option.
Today, Divis Laboratories outperformed its sector by 1.09%, continuing a positive trend with a consecutive gain over the last three days, yielding a total return of 3.77%. The stock reached an intraday high of Rs 6,314.5, reflecting a 2.65% increase. In terms of moving averages, the stock is currently above its 5-day and 200-day averages but below the 20-day, 50-day, and 100-day averages, suggesting mixed short-term momentum.

Investor participation has also risen, with a delivery volume of 338,000 shares on August 22, marking a 48.22% increase compared to the 5-day average. The stock's liquidity remains favorable, accommodating trades of up to Rs 5.15 crore based on 2% of the 5-day average traded value. Overall, Divis Laboratories continues to demonstrate notable activity and resilience in the market.