Fortis Healthcare Sees Surge in Open Interest Amidst Strong Trading Activity
Fortis Healthcare Ltd has seen a notable rise in open interest, reaching 18,478 contracts, alongside a trading volume of 13,439 contracts. The stock achieved a new all-time high of Rs 782, reflecting strong market engagement and consistent upward momentum, while maintaining favorable liquidity and a significant 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 18,478 contracts, up from the previous 14,273 contracts, marking a notable change of 4,205 contracts or 29.46%. The trading volume for the day reached 13,439 contracts, indicating robust market engagement.In terms of price performance, Fortis Healthcare hit a new 52-week and all-time high of Rs 782, representing a 2.17% increase during the trading session. The stock has shown consistent upward momentum, gaining 3.17% over the past two days and outperforming its sector by 0.74%. 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 Fortis Healthcare remains favorable, with a delivery volume of 16.1 lakh shares on June 24, reflecting a 67.95% increase compared to the 5-day average. With a market capitalization of Rs 58,566 crore, Fortis Healthcare continues to solidify its position in the healthcare sector. Overall, the surge in open interest and positive price movements underscore the stock's active trading environment.
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