Surge in Open Interest Signals Increased Trading Activity for Torrent Pharmaceuticals
Torrent Pharmaceuticals Ltd. has seen a notable rise in open interest, reaching 17,118 contracts, alongside a trading volume of 11,209 contracts. The stock is near its 52-week high and is performing well against sector trends, although investor participation has declined significantly in terms of delivery volume.
Torrent Pharmaceuticals Ltd. has experienced a significant increase in open interest (OI) today, reflecting heightened activity in its trading. The latest OI stands at 17,118 contracts, marking a notable rise from the previous OI of 13,817 contracts, resulting in a change of 3,301 contracts or a percentage increase of 23.89%. The trading volume for the day reached 11,209 contracts, contributing to a futures value of approximately Rs 64,067.70 lakhs.In terms of price performance, Torrent Pharmaceuticals is currently trading close to its 52-week high, just 3.3% away from Rs 3,787.90. The stock's performance today aligns with sector trends, showing a 1D return of 0.52%, compared to the sector's return of 0.39%. Additionally, Torrent Pharmaceuticals is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market.
However, it is worth noting a decline in investor participation, with delivery volume dropping by 63.2% against the 5-day average. Despite this, the stock remains liquid, accommodating trade sizes of Rs 2.18 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in trading dynamics for Torrent Pharmaceuticals.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
