Torrent Pharmaceuticals Sees Surge in Open Interest Amid Increased Trading Activity

May 21 2025 01:00 PM IST
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Torrent Pharmaceuticals Ltd. has seen a notable rise in open interest, reaching 19,946 contracts, alongside a trading volume of 76,412 contracts. The stock hit an intraday high of Rs 3,371.90, reflecting strong market engagement and a solid position within the Pharmaceuticals & Biotechnology sector.
Torrent Pharmaceuticals Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 19,946 contracts, up from the previous figure of 15,903, marking a change of 4,043 contracts or a 25.42% increase. This surge in open interest coincides with a trading volume of 76,412 contracts, indicating robust market engagement.

In terms of price performance, Torrent Pharmaceuticals reached an intraday high of Rs 3,371.90, representing a gain of 4.02% for the day. 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 in its price trajectory. Additionally, the delivery volume has seen a notable rise, with 305,000 shares delivered on May 20, reflecting a 100.65% increase compared to the 5-day average delivery volume.

With a market capitalization of Rs 1,11,228.48 crore, Torrent Pharmaceuticals continues to maintain a solid position within the Pharmaceuticals & Biotechnology sector. The increase in open interest, coupled with strong trading volume and price performance, underscores the stock's active status in the market today.
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