Surge in Open Interest Signals Increased Activity for Laurus Labs Stock
Laurus Labs Ltd has seen a significant rise in open interest, reaching 20,803 contracts, alongside a trading volume of 13,136 contracts, indicating increased activity in the derivatives market. The stock is near its 52-week high but has underperformed its sector recently, with a notable decline in delivery volume.
Laurus Labs Ltd, a mid-cap player in the Pharmaceuticals & Biotechnology sector, has experienced a notable increase in open interest (OI) today. The latest OI stands at 20,803 contracts, reflecting a rise of 2,411 contracts or 13.11% from the previous OI of 18,392. This surge in OI comes alongside a trading volume of 13,136 contracts, indicating heightened activity in the derivatives market.In terms of market performance, Laurus Labs is currently trading close to its 52-week high, just 3.42% away from the peak of Rs 922.5. However, the stock has underperformed its sector by 0.26% today and has seen a consecutive decline over the past three days, with a total return of -0.45% during this period. Notably, the stock's price is above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.
Despite a recent drop in delivery volume, which has decreased by 26.88% compared to the 5-day average, Laurus Labs maintains sufficient liquidity for trades, with a market cap of Rs 48,590 crore. The increase in open interest highlights a significant shift in market dynamics for Laurus Labs, reflecting ongoing developments in the stock's trading landscape.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
