Lupin Ltd. Sees Significant Open Interest Surge Amid Active Market Participation

Apr 01 2025 03:00 PM IST
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Lupin Ltd. has seen a notable rise in open interest, reaching 22,206 contracts, alongside a trading volume of 16,825 contracts, indicating active market engagement. Despite this, the stock has underperformed its sector and is trading below key moving averages, reflecting a bearish trend and declining investor participation.
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 22,206 contracts, reflecting a rise of 3,503 contracts or 18.73% from the previous open interest of 18,703. This uptick in open interest comes alongside a trading volume of 16,825 contracts, indicating active market participation.

In terms of price performance, Lupin's stock has underperformed its sector by 2.39%, with an intraday low of Rs 1,944.05, marking a decline of 4.14%. The weighted average price suggests that more volume was traded closer to this low price point. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Investor participation has also seen a decline, with delivery volume dropping by 10.99% compared to the 5-day average. Despite these challenges, the stock remains liquid enough for trades of approximately Rs 3.47 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest for Lupin Ltd. highlights a shift in market dynamics, warranting close observation.
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