Glenmark Pharmaceuticals Sees Surge in Open Interest Amid Increased Trading Activity
Glenmark Pharmaceuticals Ltd. has seen a notable rise in open interest and trading volume, indicating increased market activity. The stock has outperformed its sector and is trading above key moving averages. Additionally, delivery volume has surged, reflecting strong engagement in the Pharmaceuticals & Biotechnology sector.
Glenmark Pharmaceuticals Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 52,813 contracts, up from the previous 45,471, marking a change of 7,342 contracts or a 16.15% increase. The trading volume for the day reached 66,437 contracts, indicating robust market engagement.In terms of price performance, Glenmark Pharmaceuticals has outperformed its sector by 3.72%, reversing a two-day decline. The stock touched an intraday high of Rs 1,700.8, representing a gain of 3.92%. Additionally, Glenmark is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price trajectory.
The stock's delivery volume has also seen a notable rise, with 868,000 shares delivered on June 20, reflecting a 52.42% increase compared to the 5-day average. With a market capitalization of Rs 47,889.48 crore, Glenmark Pharmaceuticals remains a significant player in the Pharmaceuticals & Biotechnology sector. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for Glenmark Pharmaceuticals today.
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