Apollo Hospitals Sees Surge in Open Interest Amid Increased Trading Activity

Apollo Hospitals Enterprise Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 38,358 contracts, up from the previous 34,383, marking a change of 3,975 contracts or an 11.56% increase. The trading volume for the day reached 50,059 contracts, contributing to a futures value of approximately Rs 92,846.83 lakhs.
In terms of performance, Apollo Hospitals has underperformed its sector by 0.81% today, despite a positive trend over the past six days, during which the stock has gained 8.76%. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Notably, the delivery volume on March 21 was 3.32 lakhs, reflecting a 29.71% increase compared to the 5-day average, indicating rising investor participation.

With a market capitalization of Rs 95,498.89 crore, Apollo Hospitals continues to maintain a solid position in the Hospital & Healthcare Services industry. The increase in open interest today highlights the stock's active trading environment, underscoring the ongoing interest in its performance metrics.