Laurus Labs Ltd Sees Surge in Active Call Options with 8,817 Contracts at Rs 900 Strike
Laurus Labs Ltd has become one of the most active stocks in the Pharmaceuticals & Biotechnology sector, reaching a new all-time high. The company has shown robust trading activity and positive performance metrics, indicating strong market engagement and investor interest.
Laurus Labs Ltd, a prominent player in the Pharmaceuticals & Biotechnology sector, has emerged as one of the most active stocks today, reflecting significant market engagement. The company’s underlying stock, LAURUSLABS, has seen a notable surge, reaching a new 52-week and all-time high of Rs 901.5, marking a 7.61% increase during the trading session.Today, the stock has outperformed its sector by 5.66%, continuing a positive trend with an 8.39% gain over the last three days. The trading activity has been robust, with 8,817 call contracts traded at a strike price of Rs 900, resulting in a turnover of Rs 876.85 lakhs. The open interest stands at 1,029 contracts, indicating ongoing investor interest.
Laurus Labs is currently valued at Rs 891.95, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum. The stock's liquidity remains favorable, with a delivery volume of 19.22 lakhs on July 25, reflecting a 193.59% increase compared to the 5-day average.
In summary, Laurus Labs Ltd is experiencing heightened trading activity and positive performance metrics, underscoring its strong position in the market.
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