Laurus Labs Sees Surge in Open Interest Amid Active Market Participation

Apr 03 2025 12:00 PM IST
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Laurus Labs Ltd has seen a notable rise in open interest, reaching 17,296 contracts, alongside a trading volume of 13,879 contracts, indicating active market engagement. The stock has shown resilience with a recent price increase, although delivery volume has declined compared to the previous average.
Laurus Labs Ltd, a prominent player in the Pharmaceuticals & Drugs sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 17,296 contracts, reflecting a rise of 1,577 contracts or 10.03% from the previous OI of 15,719. This uptick in OI comes alongside a trading volume of 13,879 contracts, indicating active market participation.

In terms of price performance, Laurus Labs has shown resilience, gaining 2.71% over the last two days, despite underperforming its sector by 1.49% today. The stock reached an intraday high of Rs 638.9, marking a 4.9% increase. Notably, Laurus Labs is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price trajectory.

However, it is worth mentioning that the delivery volume has seen a decline of 41.59% compared to the 5-day average, with a total delivery volume of 3.55 lakh shares recorded on April 2. Overall, the stock's liquidity remains robust, supporting trade sizes of up to Rs 1.54 crore. The developments in open interest and trading metrics highlight the dynamic activity surrounding Laurus Labs in the current market environment.
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