Aurobindo Pharma Sees 15.86% Surge in Open Interest Amid Increased Trading Activity
Aurobindo Pharma Ltd. has experienced a significant increase in open interest today, with the latest open interest (OI) recorded at 67,490, up from the previous OI of 58,250. This marks a change of 9,240, representing a 15.86% increase. The trading volume for the stock reached 33,423, contributing to a total futures value of approximately Rs 117.22 crores and an options value of around Rs 8,611.80 crores, bringing the total value to Rs 118.33 crores.
In terms of price performance, Aurobindo Pharma has underperformed its sector by 0.74%, with a 1.36% decline over the last two days. The stock is currently trading above its 50-day moving average but below its 5-day, 20-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has decreased by 0.94% compared to the 5-day average, indicating a decline in investor participation.
With a market capitalization of Rs 64,729 crores, Aurobindo Pharma remains a notable player in the Pharmaceuticals & Biotechnology industry. The recent surge in open interest highlights a shift in trading activity, reflecting evolving market dynamics.
