Laurus Labs Sees Surge in Open Interest Amid Strong Market Activity and Price Gains
Laurus Labs Ltd has seen a notable rise in open interest, reaching 21,758 contracts, alongside a trading volume of 20,690 contracts. The stock achieved a new all-time high of Rs 745.9 and has gained consistently over the past eight days, reflecting strong market activity and investor interest.
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 21,758 contracts, reflecting a rise of 2,421 contracts or 12.52% from the previous open interest of 19,337. This uptick coincides with a trading volume of 20,690 contracts, indicating robust market activity.In terms of price performance, Laurus Labs reached a new 52-week and all-time high of Rs 745.9, marking a 2.9% increase for the day. The stock has shown consistent upward momentum, gaining for the last eight consecutive days and delivering a total return of 14.97% during this period. Notably, Laurus Labs has outperformed its sector by 2.91% today.
The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend. Additionally, the delivery volume has surged by 166.05% compared to the 5-day average, highlighting increased investor participation. With a market capitalization of Rs 39,581 crore, Laurus Labs continues to demonstrate solid liquidity, making it a notable entity in the market landscape.
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