Fortis Healthcare Sees Surge in Open Interest, Indicating Increased 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 15,903 contracts, up from the previous 13,433 contracts, marking a change of 2,470 contracts or an 18.39% increase. The trading volume for the day reached 11,004 contracts, contributing to a futures value of approximately Rs 31,859.74 lakhs.
In terms of price performance, Fortis Healthcare is currently trading just 2.34% below its 52-week high of Rs 781, reflecting strong market positioning. The stock has outperformed its sector by 1.04% today, with a 1D return of 1.29%, compared to the sector's return of 0.09% and the Sensex's return of 0.41%. Additionally, Fortis Healthcare is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust trend.

The liquidity of the stock remains favorable, with a delivery volume of 12.27 lakhs on June 23, which has increased by 40.78% against the 5-day average delivery volume. Overall, the notable rise in open interest and solid trading metrics underscore Fortis Healthcare's active presence in the market.