Alkem Laboratories Sees Notable Surge in Open Interest Amid Market Activity

Apr 03 2025 03:00 PM IST
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Alkem Laboratories Ltd has seen a notable rise in open interest, reaching 11,387 contracts, alongside a trading volume of 9,134 contracts. Despite a recent price increase, the stock has underperformed its sector. The company's market capitalization stands at Rs 59,620 crore, highlighting its prominence in the pharmaceuticals industry.
Alkem Laboratories Ltd, a prominent player in the Pharmaceuticals & Drugs sector, has experienced a significant increase in open interest today. The latest open interest stands at 11,387 contracts, reflecting a rise of 1,369 contracts or 13.67% from the previous open interest of 10,018. The trading volume for the day reached 9,134 contracts, indicating robust activity in the derivatives market.

In terms of price performance, Alkem Laboratories has underperformed its sector by 1.24%, despite gaining 1.84% over the last two days. The stock reached an intraday high of Rs 5,012.95, marking a 2.56% increase during the trading session. While the stock is currently above its 20-day and 50-day moving averages, it remains below its 5-day, 100-day, and 200-day moving averages.

The Pharmaceuticals & Drugs sector overall has shown a gain of 2.15%, contrasting with Alkem's performance. Additionally, the stock's delivery volume has decreased by 19.95% compared to its 5-day average, suggesting a decline in investor participation. With a market capitalization of Rs 59,620 crore, Alkem Laboratories continues to be a significant entity in the pharmaceutical landscape.
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