Fortis Healthcare Sees 18.26% Surge in Open Interest Amid Increased Trading Activity

Fortis Healthcare Ltd, a mid-cap player in the hospital industry, has experienced a significant increase in open interest (OI) today. The latest OI stands at 31,881 contracts, reflecting a rise of 4,922 contracts or 18.26% from the previous OI of 26,959. This uptick in OI comes alongside a trading volume of 37,031 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Fortis Healthcare has underperformed its sector by 0.59%, with the stock recording a 1D return of -2.40%. Over the past three days, the stock has seen a decline of 4.92%. Today, it reached an intraday high of Rs 1,007.5, marking a 2.09% increase, while the intraday low was Rs 966.5, reflecting a decrease of 2.07%. The weighted average price suggests that more volume was traded closer to the lower end of this range.

Additionally, the stock's delivery volume on November 11 was 22.97 lakh shares, a notable increase of 59.57% compared to the five-day average. Fortis Healthcare's liquidity remains robust, with a market cap of Rs 74,288 crore, supporting a trade size of Rs 5.7 crore based on 2% of the five-day average traded value. Overall, the notable rise in open interest highlights increased trading activity amid a challenging price environment.