Glenmark Pharmaceuticals Sees Surge in Open Interest Amid Increased Trading Activity

Mar 28 2025 03:00 PM IST
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Glenmark Pharmaceuticals Ltd. has seen a notable rise in open interest, indicating increased trading activity, with current figures at 20,871 contracts. The stock has outperformed its sector and demonstrated consistent gains over the past two days, supported by a significant increase in delivery volume and strong liquidity.
Glenmark Pharmaceuticals Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 20,871 contracts, up from the previous 18,768, marking a change of 2,103 contracts or an 11.21% increase. The trading volume for the day reached 15,520 contracts, contributing to a futures value of approximately Rs 17,526.95 lakhs.

In terms of performance, Glenmark Pharmaceuticals has outperformed its sector by 1.76%, with a stock return of 1.59% for the day. The stock has shown consistent gains over the past two days, accumulating a total return of 5.44% during this period. Notably, Glenmark is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Additionally, the stock has seen a remarkable rise in delivery volume, which reached 12.49 lakh shares on March 27, reflecting a 205.21% increase compared to the 5-day average. With a market capitalization of Rs 42,949 crore, Glenmark Pharmaceuticals continues to demonstrate robust liquidity, supporting a trade size of Rs 2.99 crore based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest and positive performance metrics underscore the stock's current market dynamics.
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