Torrent Pharmaceuticals Sees Surge in Open Interest Amid Increased Trading Activity

Mar 27 2025 02:00 PM IST
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Torrent Pharmaceuticals Ltd. has seen a notable rise in open interest, reaching 12,901 contracts, alongside a trading volume of 4,315 contracts. The stock has maintained stability with a slight daily return and is trading above several key moving averages, despite a decline in delivery volume.
Torrent Pharmaceuticals Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 12,901 contracts, up from the previous 11,581, marking a change of 1,320 contracts or an 11.4% increase. The trading volume for the day reached 4,315 contracts, contributing to a total futures value of approximately Rs 21,878.45 lakhs and an options value of Rs 1,270.83 crore, bringing the total value to around Rs 22,005.87 lakhs.

In terms of price performance, Torrent Pharmaceuticals has outperformed its sector by 0.99%. The stock has not seen any consecutive declines, maintaining a stable return of 0.02% for the day. It touched an intraday low of Rs 3,152.05, reflecting a decrease of 2.08%. Notably, the stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average.

Despite a decline in delivery volume, which has fallen by 48.58% compared to the 5-day average, the stock remains liquid enough for trades of Rs 1.85 crore, indicating a robust market position. Overall, the increase in open interest highlights a notable shift in trading dynamics for Torrent Pharmaceuticals.
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