Apollo Hospitals Sees Significant Surge in Open Interest, Indicating Market Activity Shift

Apollo Hospitals Enterprise Ltd. has experienced a notable increase in open interest today, signaling heightened activity in its futures market. The latest open interest stands at 28,981 contracts, reflecting a rise of 2,793 contracts or 10.67% from the previous open interest of 26,188. The trading volume for the day reached 13,815 contracts, contributing to a total futures value of approximately Rs 19,581.83 lakhs.
In terms of price performance, Apollo Hospitals is currently trading close to its 52-week high, just 4.41% away from Rs 7,635. The stock's performance today aligns with the sector, showing a slight decline of 0.55%, while the sector itself reported a marginal gain of 0.08%. Notably, the stock has not experienced any consecutive falls, maintaining a stable position in the market.

Despite a decrease in delivery volume, which has fallen by 10.41% against the five-day average, the stock remains liquid enough for trades of Rs 5.06 crore, based on 2% of the five-day average traded value. Overall, the increase in open interest indicates a shift in market dynamics for Apollo Hospitals, reflecting ongoing interest in the stock's performance.