Surge in Open Interest Signals Increased Trading Activity for Apollo Hospitals Stock

Apollo Hospitals Enterprise Ltd. has experienced a significant increase in open interest today, with the latest open interest (OI) reported at 70,501, up from the previous OI of 62,110. This marks a change of 8,391, or a 13.51% increase. The trading volume for the stock reached 59,100, contributing to a futures value of approximately Rs 181.28 crores. The total value, including options, stands at Rs 18,332.16 crores.
In terms of price performance, Apollo Hospitals is currently 1.6% away from its 52-week high of Rs 7,980. However, the stock has underperformed its sector by 0.26% today, reflecting a 1D return of -0.86%. This decline follows two consecutive days of losses, during which the stock has fallen by 0.91%. Notably, the stock's moving averages indicate it is above the 20-day, 50-day, 100-day, and 200-day averages, but below the 5-day average.

The stock has shown rising investor participation, with a delivery volume of 5.04 lakh shares on August 22, which is a 40.98% increase compared to the 5-day average. Overall, Apollo Hospitals remains a liquid stock, suitable for trades of approximately Rs 9.13 crores based on 2% of the 5-day average traded value. This notable spurt in open interest highlights the current trading dynamics surrounding Apollo Hospitals Enterprise Ltd.