Fortis Healthcare Sees Significant Open Interest Surge Amid Strong Trading Activity
Fortis Healthcare Ltd has seen a notable rise in open interest, reaching 20,798 contracts, alongside a trading volume of 29,717 contracts. The stock achieved a new all-time high of Rs 849.7 and has demonstrated consistent upward momentum, indicating a robust trading environment in the derivatives market.
Fortis Healthcare Ltd, a prominent player in the hospital industry, has experienced a significant increase in open interest today. The latest open interest stands at 20,798 contracts, reflecting a rise of 2,049 contracts or 10.93% from the previous open interest of 18,749. This uptick coincides with a trading volume of 29,717 contracts, indicating robust activity in the derivatives market.In terms of price performance, Fortis Healthcare reached a new 52-week and all-time high of Rs 849.7, marking a 3.16% increase during the trading session. The stock has shown consistent upward momentum, gaining 4.9% over the past four days and outperforming its sector by 0.45%. Additionally, Fortis is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend.
The liquidity of the stock remains healthy, with a delivery volume of 138,100 shares on July 23, reflecting a 127.16% increase compared to the 5-day average. With a market capitalization of Rs 63,412.71 crore, Fortis Healthcare continues to solidify its position in the large-cap segment of the market. Overall, the notable rise in open interest and strong price performance underscores the active trading environment surrounding Fortis Healthcare.
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