Glenmark Pharmaceuticals Sees Surge in Open Interest Amid Strong Trading Activity
Glenmark Pharmaceuticals Ltd. has seen a notable rise in open interest, reaching 69,143 contracts, alongside a trading volume of 92,840 contracts. The stock achieved a new all-time high of Rs. 1,897 and demonstrated strong liquidity with a market capitalization of Rs 53,383.93 crore, indicating robust market engagement.
Glenmark Pharmaceuticals Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 69,143 contracts, up from the previous 62,511 contracts, marking a change of 6,632 contracts or a 10.61% increase. The trading volume for the day reached 92,840 contracts, indicating robust market engagement.In terms of price performance, Glenmark Pharmaceuticals hit a new 52-week and all-time high of Rs. 1,897, representing a 4.3% increase during the trading session. The stock has notably outperformed its sector by 4.65% and has reversed its trend after two consecutive days of decline. Currently, Glenmark is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum.
Additionally, the stock's delivery volume has surged to 744,000 shares, reflecting a 71.77% increase compared to the 5-day average. With a market capitalization of Rs 53,383.93 crore, Glenmark Pharmaceuticals continues to demonstrate solid liquidity, making it a notable player in the Pharmaceuticals & Biotechnology sector. Overall, the increase in open interest and positive price movements highlight a dynamic trading environment for Glenmark Pharmaceuticals.
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