Fortis Healthcare Sees Surge in Open Interest Amidst Strong Trading Activity
Fortis Healthcare Ltd has seen a notable rise in open interest, indicating increased trading activity, with current figures reaching 6,242 contracts. The stock also achieved a new all-time high of Rs 756.9, reflecting strong market engagement and consistent upward momentum, alongside favorable liquidity and market capitalization.
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 6,242 contracts, up from the previous 4,802 contracts, marking a change of 1,440 contracts or an impressive 29.99% increase. The trading volume for the day reached 9,432 contracts, indicating robust market engagement.In terms of price performance, Fortis Healthcare hit a new 52-week and all-time high of Rs 756.9, representing a 2.44% increase for the day. The stock has shown consistent upward momentum, gaining 6.8% over the past four days and outperforming its sector by 1.55%. Additionally, it 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 favorable, with a delivery volume of 23.53 lakh shares on June 4, reflecting an 84.3% increase compared to the 5-day average. With a market capitalization of Rs 56,999.34 crore, Fortis Healthcare continues to solidify its position in the healthcare sector. Overall, the notable rise in open interest and strong price performance underscores the stock's active trading environment.
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