Lupin Ltd. Sees Significant Open Interest Surge Amidst Strong Trading Activity

Lupin Ltd., a prominent player in the Pharmaceuticals & Drugs sector, has experienced a significant increase in open interest today. The latest open interest stands at 40,322 contracts, reflecting a rise of 4,856 contracts or 13.69% from the previous open interest of 35,466. This uptick coincides with a trading volume of 44,922 contracts, indicating robust activity in the derivatives market.
In terms of price performance, Lupin has outperformed its sector by 0.73%, marking a consecutive gain over the last five days with a total return of 3.44% during this period. The stock reached an intraday high of Rs 2,118.9, representing a 2.29% increase for the day. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Additionally, delivery volume has surged to 644,000 shares, up 53.29% compared to the 5-day average, suggesting increased liquidity. With a market capitalization of Rs 95,355.23 crore, Lupin continues to maintain a solid position in the market. Overall, the notable rise in open interest and strong trading metrics underscore the stock's active engagement in the market today.