Fortis Healthcare Sees Surge in Open Interest Amid Strong Market Activity

Fortis Healthcare Ltd, a prominent player in the hospital industry, has experienced a significant increase in open interest today, signaling heightened activity in its derivatives market. The latest open interest stands at 20,646 contracts, up from the previous 18,749, marking a change of 1,897 contracts or a 10.12% increase. This uptick coincides with a trading volume of 20,814 contracts, reflecting robust market engagement.
In terms of price performance, Fortis Healthcare reached a new 52-week and all-time high of Rs. 839.9 today. The stock has shown consistent gains over the past four days, accumulating a total return of 4.5% during this period. Notably, Fortis is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Additionally, the stock's delivery volume surged to 138,100 shares on July 23, representing a 127.16% increase compared to the 5-day average. With a market capitalization of Rs 62,982.38 crore, Fortis Healthcare continues to demonstrate liquidity, supporting trade sizes of up to Rs 2.35 crore. Overall, the notable rise in open interest and strong price performance underscores the stock's active market presence.