Glenmark Pharmaceuticals Sees Surge in Open Interest Amid Active Trading Environment
Glenmark Pharmaceuticals Ltd. has seen a notable rise in open interest, reaching 42,593 contracts, alongside a trading volume of 23,020 contracts. The stock is nearing its 52-week high and has shown strong performance relative to its sector, indicating a vibrant trading atmosphere and robust liquidity in the market.
Glenmark Pharmaceuticals Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 42,593 contracts, marking a rise of 6,211 contracts or 17.07% from the previous open interest of 36,382. The trading volume for the day reached 23,020 contracts, contributing to a total futures value of approximately Rs 25,273.93 lakhs and an options value of Rs 12,886.50 crores.In terms of price performance, Glenmark Pharmaceuticals is currently trading close to its 52-week high, just 4.32% away from Rs 1,830.95. The stock has outperformed its sector by 2.05% today, with an intraday high of Rs 1,758, reflecting a 2.73% increase. Additionally, Glenmark is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
The stock's delivery volume has also seen a notable rise, with 8.15 lakh shares delivered on June 27, up 24.65% compared to the 5-day average. With a market capitalization of Rs 49,526.24 crore, Glenmark Pharmaceuticals continues to demonstrate robust liquidity, making it a significant player in the Pharmaceuticals and Biotechnology industry. Overall, the increase in open interest and positive price movements highlight the stock's active trading environment.
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