Laurus Labs Sees Significant Open Interest Surge Amid Strong Trading Activity
Laurus Labs Ltd has seen a notable increase in open interest, reaching 23,612 contracts, alongside a trading volume of 15,464 contracts. The stock achieved a new all-time high of Rs 761.75 and has demonstrated strong momentum, outperforming its sector while maintaining favorable liquidity levels.
Laurus Labs Ltd, a prominent player in the Pharmaceuticals & Biotechnology sector, has experienced a significant increase in open interest today. The latest open interest stands at 23,612 contracts, reflecting a rise of 2,196 contracts or 10.25% from the previous open interest of 21,416. This uptick in open interest comes alongside a trading volume of 15,464 contracts, indicating heightened activity in the stock.In terms of price performance, Laurus Labs reached a new 52-week and all-time high of Rs 761.75, marking a 2.1% increase for the day. The stock has shown strong momentum, gaining 17.66% over the past nine consecutive days, outperforming its sector by 1.79%. Additionally, Laurus Labs is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend.
The stock's liquidity remains favorable, with a delivery volume of 23.75 lakh shares on July 1, which is an increase of 86.53% compared to the 5-day average. Overall, the notable rise in open interest, combined with strong price performance and liquidity, underscores the active trading environment surrounding Laurus Labs.
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