Laurus Labs Sees Surge in Open Interest Amid Strong Trading Activity and Price Gains
Laurus Labs Ltd has seen a notable increase in open interest, reaching 21,358 contracts, alongside a trading volume of 17,811 contracts. The stock achieved a new all-time high of Rs 744.8, reflecting strong performance and consistent gains over the past eight days, outperforming its sector.
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 21,358 contracts, reflecting a rise of 2,021 contracts or 10.45% from the previous open interest of 19,337. This uptick in open interest coincides with a trading volume of 17,811 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 744.8, marking a 2.75% increase for the day. The stock has shown consistent strength, gaining for the last eight consecutive days and delivering a total return of 15.09% during this period. Notably, Laurus Labs has outperformed its sector by 3.19% today.
The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend. Additionally, the liquidity remains favorable, with a delivery volume of 24.86 lakh shares on June 30, reflecting a 166.05% increase compared to the 5-day average delivery volume.
Overall, the notable rise in open interest and strong price performance underscores the active trading environment surrounding Laurus Labs, highlighting its current market position.
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