Glenmark Pharmaceuticals Sees Surge in Open Interest Amid Ongoing Market Challenges

May 28 2025 02:00 PM IST
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Glenmark Pharmaceuticals Ltd. has seen a significant rise in open interest, reaching 41,054 contracts, alongside a trading volume of 23,097 contracts. However, the stock has faced challenges, declining over the past five days and trading below key moving averages, with a notable drop in delivery volume.
Glenmark Pharmaceuticals Ltd. has experienced a notable increase in open interest today, signaling heightened activity in the stock. The latest open interest stands at 41,054 contracts, reflecting a significant rise of 5,890 contracts or 16.75% from the previous open interest of 35,164 contracts. The trading volume for the day reached 23,097 contracts, contributing to a futures value of approximately Rs 64,153.20 lakhs and an options value of Rs 4,156.48 crores, bringing the total value to Rs 64,580.74 lakhs.

Despite this uptick in open interest, Glenmark Pharmaceuticals has faced challenges in its stock performance, having declined by 4.03% over the past five days. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, delivery volume has decreased significantly, with a reported 1.62 lakh shares delivered on May 27, down 58.29% compared to the 5-day average.

In summary, while Glenmark Pharmaceuticals shows increased open interest, the stock's recent performance and declining investor participation highlight ongoing challenges in the market.
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