Laurus Labs Sees Surge in Open Interest Amid Increased Derivatives Activity

Apr 24 2025 02:00 PM IST
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Laurus Labs Ltd has seen a notable rise in open interest, reaching 26,198 contracts, alongside a trading volume of 24,434 contracts, indicating active participation in the derivatives market. The stock recently achieved a new 52-week high, despite some recent price declines, while maintaining a generally positive long-term trend.
Laurus Labs Ltd, a prominent player in the Pharmaceuticals & Drugs industry, has experienced a significant increase in open interest today. The latest open interest stands at 26,198 contracts, reflecting a rise of 2,832 contracts or 12.12% from the previous open interest of 23,366. The trading volume for the day reached 24,434 contracts, indicating robust activity in the derivatives market.

In terms of price performance, Laurus Labs hit a new 52-week high of Rs 660.9 today. However, the stock has underperformed its sector by 2.32% and has seen a consecutive decline over the past two days, with a total drop of 1.47% during this period. The stock's intraday low was recorded at Rs 631.5, marking a decrease of 2.95%.

Despite the recent price fluctuations, Laurus Labs is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend in the longer term. Additionally, the stock has shown rising investor participation, with a delivery volume of 10.36 lakh shares on April 23, up by 8.75% compared to the 5-day average.

Overall, the notable increase in open interest alongside the stock's current trading dynamics highlights a period of heightened activity for Laurus Labs, reflecting the ongoing developments within the company and the broader market context.
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