Lupin Ltd. Sees Significant Surge in Open Interest Amid Increased Market Activity

Apr 03 2025 02:00 PM IST
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Lupin Ltd. has seen a notable rise in open interest, reaching 29,096 contracts, alongside a trading volume of 68,119 contracts, indicating strong market activity. The stock has outperformed its sector, showing significant gains and trading above key moving averages, reflecting a robust market position.
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 29,096 contracts, reflecting a rise of 5,335 contracts or 22.45% from the previous open interest of 23,761. The trading volume for the day reached 68,119 contracts, indicating robust activity in the market.

In terms of price performance, Lupin has outperformed its sector by 1.93%, with the stock gaining 7.04% over the last two days. Today, it opened with a notable gain of 4.49%, reaching an intraday high of Rs 2,150, which represents a 6.98% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the Pharmaceuticals & Drugs sector has seen a gain of 2.22%, while Lupin's delivery volume on April 2 has surged by 68.88% compared to its 5-day average, indicating increased liquidity. With a market capitalization of Rs 95,230.34 crore, Lupin continues to maintain a solid position in the market. Overall, the notable spurt in open interest highlights the heightened activity surrounding Lupin Ltd. in today's trading session.
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