Apollo Hospitals Sees 11.66% 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 35,127 contracts, marking a rise of 3,669 contracts or 11.66% from the previous open interest of 31,458. This surge coincides with a trading volume of 60,377 contracts, indicating robust market engagement.
In terms of price performance, Apollo Hospitals reached a new 52-week high of Rs. 8,030, representing a 2.51% increase during the trading session. The stock has shown consistent upward momentum, gaining 2.95% over the past four days and outperforming its sector by 0.73% today. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong technical position.

Despite this positive performance, there has been a noted decline in investor participation, with delivery volume dropping by 31.43% compared to the 5-day average. The liquidity remains adequate for trades up to Rs. 4 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest for Apollo Hospitals highlights a dynamic trading environment surrounding the stock.