Zydus Lifesciences Sees Significant Open Interest Surge Amid Market Dynamics Shift

Zydus Lifesciences Ltd, a prominent player in the Pharmaceuticals & Drugs industry, has experienced a notable increase in open interest today. The latest open interest stands at 15,498 contracts, reflecting a rise of 1,573 contracts or 11.3% from the previous open interest of 13,925. The trading volume for the day reached 7,888 contracts, contributing to a futures value of approximately Rs 14,603.44 lakhs.
In terms of price performance, Zydus Lifesciences is currently trading close to its 52-week low, just 3.53% away from Rs 855.1. The stock has faced consecutive declines over the past two days, with a total return of -2.33% during this period. Additionally, Zydus Lifesciences is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging short-term trend.

Despite these challenges, there has been a significant rise in delivery volume, which reached 15.06 lakh shares on March 27, marking an increase of 124.4% compared to the 5-day average. The stock remains liquid enough for trades sized at Rs 2.74 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Zydus Lifesciences, reflecting evolving trading activity.