Apollo Hospitals Sees 14.11% Surge in Open Interest Amid Active Trading Activity

Apollo Hospitals Enterprise Ltd. has experienced a significant increase in open interest today, with the latest open interest (OI) recorded at 41,146, up from the previous OI of 36,058. This marks a change of 5,088, representing a 14.11% increase. The trading volume for the stock reached 31,246, indicating active participation in the market.
In terms of performance, Apollo Hospitals has underperformed its sector by 0.97%, continuing a downward trend with a decline of 4.98% over the past eight days. The stock's current price is below its 5-day, 20-day, and 50-day moving averages, although it remains above the 100-day and 200-day moving averages. Notably, the delivery volume has decreased significantly, falling by 37.79% compared to the 5-day average.

With a market capitalization of Rs 1,08,992.00 crore, Apollo Hospitals operates within the large-cap segment of the hospital industry. The liquidity of the stock remains adequate for trading, with a capacity for a trade size of Rs 4.75 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Apollo Hospitals, amidst a challenging performance landscape.