Apollo Hospitals Sees 12.75% Surge in Open Interest, Reaching 39,235 Contracts

Apollo Hospitals Enterprise Ltd. has experienced a notable increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 39,235 contracts, up from the previous figure of 34,798, marking a change of 4,437 contracts or a 12.75% increase. The trading volume for the day reached 31,737 contracts, indicating robust participation.
In terms of market performance, Apollo Hospitals is currently trading close to its 52-week high, just 3.18% away from Rs 8,099.5. However, the stock has underperformed its sector by 0.3% today, with a 1D return of -1.49%, compared to the sector's -1.19% and the Sensex's -0.52%. The stock has been on a downward trend, recording a decline of 2.02% over the past two days.

Despite these fluctuations, Apollo Hospitals maintains a solid market capitalization of Rs 1,12,870.96 crore, categorizing it as a large-cap stock. The stock's liquidity remains favorable, with a delivery volume of 3.9 lakh shares on October 23, reflecting a significant increase of 97.93% against the five-day average. Overall, the increase in open interest suggests a shift in market dynamics for Apollo Hospitals, warranting close observation.