Apollo Hospitals Sees 12.52% Surge in Open Interest to 40,572 Contracts

Apollo Hospitals Enterprise Ltd. has experienced a notable increase in open interest today, signaling heightened activity in its derivatives market. The latest open interest stands at 40,572 contracts, reflecting a rise of 4,514 contracts or 12.52% from the previous open interest of 36,058. The trading volume for the day reached 22,837 contracts, contributing to a futures value of approximately Rs 85,083.27 lakhs and an options value of Rs 13,355.71 crores, bringing the total value to Rs 85,747.25 lakhs.
In terms of price performance, Apollo Hospitals has underperformed its sector by 0.42%, with a 1-day return of -0.57%. The stock has been on a downward trend, losing value for the past eight consecutive days, resulting in a total decline of 5.31% during this period. While the stock is currently trading above its 100-day and 200-day moving averages, it remains below its 5-day, 20-day, and 50-day moving averages.

Additionally, investor participation appears to be waning, with delivery volume dropping by 37.79% compared to the 5-day average. Despite these challenges, the stock maintains sufficient liquidity for trades up to Rs 4.75 crores, based on 2% of the 5-day average traded value. Overall, the increase in open interest amidst a declining price trend highlights a complex market scenario for Apollo Hospitals.