Apollo Hospitals Sees 13% Surge in Open Interest, Reaching 35,549 Contracts

Apollo Hospitals Enterprise Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 35,549 contracts, up from the previous 31,458, marking a change of 4,091 contracts or a 13.0% increase. The trading volume for the day reached 43,055 contracts, indicating robust participation in the stock's derivatives.
In terms of price performance, Apollo Hospitals hit a new 52-week high of Rs 8,030, representing a 2.51% increase during the trading session. The stock has outperformed its sector by 1.25% and has shown a consistent upward trend, gaining 4.55% over the past four days. Currently, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish momentum.

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 surge in open interest alongside the stock's recent price achievements highlights a notable shift in market dynamics for Apollo Hospitals.