Alkem Laboratories Sees Significant Rise in Open Interest Amid Market Activity

Apr 03 2025 01:00 PM IST
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Alkem Laboratories Ltd has seen a significant rise in open interest, reaching 11,326 contracts, alongside a trading volume of 7,990 contracts. Despite a recent price increase, the stock has underperformed its sector. Delivery volume has also decreased, reflecting a decline in investor participation. The company maintains a market capitalization of Rs 58,893.53 crore.
Alkem Laboratories Ltd, a prominent player in the Pharmaceuticals & Drugs sector, has experienced a notable increase in open interest today. The latest open interest stands at 11,326 contracts, reflecting a rise of 1,308 contracts or 13.06% from the previous open interest of 10,018. The trading volume for the day reached 7,990 contracts, indicating active participation in the market.

In terms of price performance, Alkem Laboratories has underperformed its sector by 1.45%, despite gaining 1.91% over the last two days. The stock reached an intraday high of Rs 5,012.95, marking a 2.56% increase during the session. While the stock is currently above its 20-day and 50-day moving averages, it remains below the 5-day, 100-day, and 200-day moving averages.

The Pharmaceuticals & Drugs sector overall has seen a gain of 2.09%, contrasting with Alkem's performance. Additionally, delivery volume has decreased by 19.95% compared to the five-day average, indicating a decline in investor participation. With a market capitalization of Rs 58,893.53 crore, Alkem Laboratories continues to be a significant entity in the pharmaceutical landscape.
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