Zydus Lifesciences Sees Surge in Open Interest Amidst Declining Stock Performance

Apr 02 2025 10:00 AM IST
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Zydus Lifesciences Ltd has seen a significant rise in open interest, reaching 17,459 contracts, alongside a trading volume of 12,701 contracts. Despite this increase, the stock is trading below its moving averages and has experienced a decline over the past four days, indicating a challenging market environment.
Zydus Lifesciences Ltd, a prominent player in the Pharmaceuticals & Drugs sector, has experienced a notable increase in open interest today. The latest open interest stands at 17,459 contracts, reflecting a rise of 2,059 contracts or 13.37% from the previous open interest of 15,400. The trading volume for the day reached 12,701 contracts, contributing to a total futures value of approximately Rs 19,190.44 lakhs and an options value of Rs 8,436.58 crores, culminating in a total value of Rs 20,730.70 lakhs.

In terms of price performance, Zydus Lifesciences is currently trading just 2.04% above its 52-week low of Rs 855.1. The stock has underperformed its sector by 0.34% today and has seen a consecutive decline over the past four days, with a total drop of 3.81% 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 market position.

Overall, the increase in open interest amidst a backdrop of declining stock performance highlights the current dynamics surrounding Zydus Lifesciences in the market.
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