Fortis Healthcare Sees Surge in Open Interest Amid Increased Trading Activity
Fortis Healthcare Ltd has seen a notable rise in open interest, reaching 1,175 contracts amid increased trading activity. The stock is near its 52-week high and has outperformed its sector. Additionally, delivery volume has surged, reflecting strong investor participation and solid liquidity in the healthcare market.
Fortis Healthcare Ltd, a prominent player in the hospital industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 1,175 contracts, a notable rise from the previous open interest of 510 contracts, marking a change of 665 contracts or an impressive 130.39% increase. The trading volume for the day reached 1,834 contracts, indicating robust market engagement.In terms of price performance, Fortis Healthcare is currently trading close to its 52-week high, just 3.58% away from Rs 744.5. The stock achieved an intraday high of Rs 722, representing a 2.22% increase for the day. Notably, Fortis Healthcare has outperformed its sector, delivering a 1.74% return compared to the sector's 0.92% and the Sensex's decline of 0.47%.
The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the delivery volume has surged by 40.04% against the 5-day average, suggesting increased investor participation. With a market capitalization of Rs 53,330 crore, Fortis Healthcare continues to demonstrate solid liquidity, making it a significant entity in the healthcare sector.
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