Fortis Healthcare Sees Surge in Open Interest Amid Active Derivatives Trading
Fortis Healthcare Ltd has seen a notable rise in open interest, reaching 16,117 contracts, alongside a trading volume of 7,478 contracts. The stock achieved a new 52-week high of Rs 782, reflecting strong performance and liquidity, with significant delivery volume surpassing recent averages.
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 16,117 contracts, up from the previous 14,273, marking a change of 1,844 contracts or a 12.92% increase. The trading volume for the day reached 7,478 contracts, contributing to a total futures value of approximately Rs 17,015.48 lakhs.In terms of price performance, Fortis Healthcare hit a new 52-week and all-time high of Rs 782, reflecting a 2.17% increase during the trading session. The stock has outperformed its sector by 0.48% and has shown consistent gains over the past two days, accumulating a total return of 2.74%. Additionally, Fortis is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
With a market capitalization of Rs 58,690.45 crore, Fortis Healthcare continues to demonstrate robust liquidity, with a delivery volume of 16.1 lakh shares on June 24, which is 67.95% higher than the 5-day average. This surge in open interest and positive price movements underscores the stock's active trading environment.
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