Glenmark Pharmaceuticals Sees Surge in Open Interest Amid Increased Trading Activity

Jun 23 2025 01:00 PM IST
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Glenmark Pharmaceuticals Ltd. has seen a notable rise in open interest, indicating increased trading activity, with current figures at 54,280 contracts. The stock has outperformed its sector and is trading above multiple moving averages, reflecting a positive price trend and strong market engagement.
Glenmark Pharmaceuticals Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 54,280 contracts, up from the previous figure of 45,471, marking a change of 8,809 contracts or a 19.37% increase. The trading volume for the day reached 86,883 contracts, indicating robust market engagement.

In terms of price performance, Glenmark Pharmaceuticals has outperformed its sector by 3.75%, reversing a two-day decline. The stock reached an intraday high of Rs 1,708.7, representing a gain of 4.4%. Notably, 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 liquidity remains strong, with a delivery volume of 8.68 lakh shares on June 20, which is 52.42% higher than the 5-day average delivery volume. With a market capitalization of Rs 46,686 crore, Glenmark Pharmaceuticals continues to maintain a solid position within the pharmaceuticals and biotechnology industry. Overall, the notable increase in open interest and positive price movements highlight the stock's active trading environment.
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