Lupin Ltd. Sees Surge in Open Interest Amidst Market Challenges and Declining Performance

May 28 2025 01:00 PM IST
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Lupin Ltd. has reported a significant rise in open interest, reaching 58,702 contracts, alongside a trading volume of 27,059 contracts. Despite this increase, the stock has underperformed its sector and is trading below key moving averages, indicating potential challenges in market performance and investor 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 58,702 contracts, marking a notable rise of 11,767 contracts or 25.07% from the previous open interest of 46,935. The trading volume for the day reached 27,059 contracts, contributing to a total futures value of approximately Rs 138,278.39 lakhs and an options value of Rs 9,133,212.96 lakhs, culminating in a total value of Rs 138,968.56 lakhs.

Despite this surge in open interest, Lupin's stock has underperformed its sector by 0.52%, reflecting a 1.4% decline over the past two days. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased by 44.45% compared to the 5-day average, suggesting a decline in investor participation.

In summary, while Lupin Ltd. has seen a marked increase in open interest, the stock's recent performance and liquidity metrics indicate challenges in the current market environment.
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