Granules India Ltd Sees Surge in Open Interest Amid Ongoing Market Challenges

Mar 27 2025 02:00 PM IST
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Granules India Ltd has reported a significant rise in open interest, reaching 24,239 contracts, alongside a trading volume of 14,303. Despite this increase, the stock has underperformed, experiencing a decline over the past three days and trading below multiple moving averages, indicating market challenges.
Granules India Ltd, a mid-cap player in the Pharmaceuticals & Drugs industry, has experienced a notable increase in open interest (OI) today. The latest OI stands at 24,239 contracts, reflecting a rise of 2,389 contracts or 10.93% from the previous OI of 21,850. The trading volume for the day reached 14,303, contributing to a futures value of approximately Rs 38,137.37 lakhs and an options value of Rs 3,232.87 crores, bringing the total value to Rs 38,765.04 lakhs.

Despite this uptick in OI, Granules India has underperformed its sector, with a decline of 1.36% today. The stock has been on a downward trend, losing 5.76% over the past three days, and touched an intraday low of Rs 475.5, down 3.44%. The weighted average price indicates that more volume was traded closer to this low price. Additionally, Granules India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging market position.

In summary, while Granules India Ltd has seen a significant increase in open interest, the stock's recent performance reflects ongoing challenges in the market.
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