Laurus Labs Sees Surge in Open Interest Amid Strong Trading Activity
Laurus Labs Ltd has seen a notable increase in open interest, reaching 25,677 contracts, alongside a trading volume of 39,874 contracts. The stock achieved a new all-time high of Rs 943.85 and demonstrated strong liquidity, with delivery volume significantly surpassing the recent average, indicating active market engagement.
Laurus Labs Ltd, a mid-cap player in the Pharmaceuticals & Biotechnology sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 25,677 contracts, marking a rise of 2,371 contracts or 10.17% from the previous open interest of 23,306. The trading volume for the day reached 39,874 contracts, indicating robust market engagement.In terms of price performance, Laurus Labs hit a new 52-week and all-time high of Rs 943.85, representing a 2.23% increase for the day. The stock has outperformed its sector by 1.49% and has shown a consecutive gain over the last two days, accumulating a total return of 5.23% during this period. Notably, Laurus Labs is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.
Additionally, the stock's liquidity remains favorable, with a delivery volume of 11.4 lakh shares on September 18, reflecting a 195.5% increase compared to the 5-day average. Overall, the notable rise in open interest and strong price performance underscores the active trading environment surrounding Laurus Labs.
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