Aurobindo Pharma Sees Surge in Open Interest Amid Increased Trading Activity

Apr 03 2025 11:00 AM IST
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Aurobindo Pharma Ltd. has seen a notable rise in open interest, reaching 40,314 contracts, alongside a trading volume of 50,536 contracts, indicating increased market activity. The stock has shown consecutive gains, outperforming its sector, and remains above several key moving averages, reflecting a dynamic trading environment.
Aurobindo Pharma Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the pharmaceuticals and drugs sector. The latest open interest stands at 40,314 contracts, up from the previous 33,224, marking a change of 7,090 contracts or a 21.34% increase. The trading volume for the day reached 50,536 contracts, indicating robust market engagement.

In terms of price performance, Aurobindo Pharma opened with a notable gain of 6.15% and has outperformed its sector by 0.64%. The stock has shown consecutive gains over the last two days, accumulating a total return of 5.26% during this period. It reached an intraday high of Rs 1,267.3, reflecting a 9.45% increase at its peak.

The stock's weighted average price suggests that more volume was traded closer to its low price, while it remains above its 5-day, 20-day, and 50-day moving averages, although it is below the 100-day and 200-day averages. The pharmaceuticals and drugs sector overall has gained 2.56% today, contributing to the positive momentum in Aurobindo Pharma's trading activity. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for Aurobindo Pharma.
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