Lupin Ltd. Sees 11.27% Surge in Open Interest Amid Active Market Participation

Lupin Ltd., a prominent player in the Pharmaceuticals & Biotechnology sector, has experienced a significant increase in open interest today. The latest open interest stands at 46,025 contracts, reflecting a rise of 4,660 contracts or 11.27% from the previous open interest of 41,365. This uptick in open interest comes alongside a trading volume of 15,502 contracts, indicating heightened activity in the derivatives market.
In terms of overall market performance, Lupin's stock has been under pressure, having recorded a decline of 0.46% over the past three days. Currently, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. Despite this, there has been a notable increase in delivery volume, which reached 594,000 shares on October 23, marking a 65.48% rise compared to the 5-day average.

With a market capitalization of Rs 88,451.16 crore, Lupin remains a significant entity in its industry. The total futures and options value is reported at Rs 67,839.34 lakhs, with an underlying value of Rs 1,936. This data underscores the current dynamics surrounding Lupin's stock, reflecting both its market position and trading activity.