Surge in Open Interest Signals Increased Market Engagement for Divis Laboratories

Apr 03 2025 12:00 PM IST
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Divis Laboratories Ltd has seen a notable rise in open interest, reaching 35,730 contracts, alongside a trading volume of 45,247 contracts. The stock opened higher, showing positive performance over the past two days, while maintaining strong liquidity with increased delivery volume. Overall, market engagement appears heightened.
Divis 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 35,730 contracts, reflecting a rise of 3,881 contracts or 12.19% from the previous open interest of 31,849. This uptick in open interest comes alongside a trading volume of 45,247 contracts, indicating heightened activity in the stock.

In terms of price performance, Divis Laboratories opened the day with a gain of 3.95%, reaching an intraday high of Rs 5,970, which represents a 5.37% increase. Over the past two days, the stock has shown a positive trend, accumulating returns of 3.65%. However, it has underperformed its sector, which has gained 2.51%, by 0.97%.

The stock's liquidity remains robust, with a delivery volume of 2.35 lakh shares on April 2, marking a 31.29% increase compared to the five-day average delivery volume. Divis Laboratories continues to trade above its 20-day and 200-day moving averages, although it is below its 5-day, 50-day, and 100-day moving averages. Overall, the notable rise in open interest highlights increased market engagement in Divis Laboratories, reflecting current trading dynamics.
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