Biocon Ltd. Sees Significant Open Interest Surge Amid Market Challenges

Mar 28 2025 02:00 PM IST
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Biocon Ltd. has reported a significant rise in open interest, reaching 13,033 contracts, alongside a trading volume of 9,075 contracts. The company's total futures and options value stands at approximately Rs 18,325.27 lakhs, while the stock has faced recent performance challenges, underperforming its sector.
Biocon Ltd., a prominent player in the Pharmaceuticals & Drugs industry, has experienced a notable increase in open interest today. The latest open interest stands at 13,033 contracts, reflecting a rise of 1,304 contracts or 11.12% from the previous open interest of 11,729. This surge in open interest comes alongside a trading volume of 9,075 contracts, indicating active market engagement.

In terms of financial metrics, Biocon's total futures value is approximately Rs 16,764.22 lakhs, while the options value is significantly higher at around Rs 6,327.04 lakhs, bringing the total value to Rs 18,325.27 lakhs. The underlying value of the stock is reported at Rs 340.

Despite this increase in open interest, Biocon's stock has underperformed the sector by 0.91% today, with a 1D return of -1.32%. The stock has been on a downward trend, losing 2.2% over the past two days. Additionally, the weighted average price indicates that more volume was traded closer to the low price, and the stock remains liquid enough for trades around Rs 1.01 crore.

In summary, while Biocon Ltd. has seen a significant uptick in open interest, the stock's recent performance reflects challenges in the market context.
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