Torrent Pharmaceuticals Sees Surge in Open Interest Amidst Trading Activity Shift

May 28 2025 03:00 PM IST
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Torrent Pharmaceuticals Ltd. has seen a significant rise in open interest, reaching 20,565 contracts, indicating increased trading activity. The day's trading volume was 9,386 contracts, contributing to a total value of approximately Rs 45,622.96 lakhs. Despite this, the stock has faced recent performance challenges.
Torrent Pharmaceuticals Ltd. has experienced a notable increase in open interest today, signaling heightened activity in its trading. The latest open interest stands at 20,565 contracts, reflecting a rise of 2,164 contracts or 11.76% from the previous open interest of 18,401. The trading volume for the day reached 9,386 contracts, contributing to a futures value of approximately Rs 45,529.50 lakhs and an options value of Rs 2,996.07 crores, culminating in a total value of Rs 45,622.96 lakhs.

In terms of price performance, Torrent Pharmaceuticals has been trading in line with its sector, although it has faced a consecutive decline over the past two days, with a total return of -0.55% during this period. The stock is currently positioned 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 11.66% compared to the 5-day average, suggesting a decline in investor participation.

Overall, the increase in open interest for Torrent Pharmaceuticals highlights a significant shift in trading dynamics, despite the stock's recent performance challenges.
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