Surge in Open Interest Signals Increased Market Activity for Granules India Ltd.
Granules India Ltd has seen a significant rise in open interest, reaching 24,341 contracts, alongside a trading volume of 16,210 contracts, indicating increased activity in the derivatives market. The stock has outperformed its sector and demonstrated consistent gains over the past two days, reflecting robust liquidity.
Granules India Ltd, a mid-cap player in the Pharmaceuticals & Biotechnology sector, has experienced a notable increase in open interest (OI) today. The latest OI stands at 24,341 contracts, reflecting a rise of 2,683 contracts or 12.39% from the previous OI of 21,658. This surge in OI comes alongside a trading volume of 16,210 contracts, indicating heightened activity in the derivatives market.In terms of price performance, Granules India has outperformed its sector by 0.78%, with a 1D return of 0.88%. The stock has shown consistent gains over the past two days, accumulating a total return of 1.69% during this period. While the stock is currently trading above its 5-day and 50-day moving averages, it remains below its 20-day, 100-day, and 200-day moving averages.
Additionally, the stock's liquidity appears robust, with a delivery volume of 4.67 lakh shares on June 25, marking a 10.69% increase compared to the 5-day average. The total futures value is reported at Rs 59,229.16 lakhs, with an underlying value of Rs 498. Overall, the increase in open interest and trading volume highlights a significant shift in market dynamics for Granules India Ltd.
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