Fortis Healthcare Sees Surge in Open Interest Amid Strong Market Activity
Fortis Healthcare Ltd has seen a notable rise in open interest, reaching 19,450 contracts, alongside a trading volume of 44,234 contracts. The stock achieved a new 52-week high of Rs 904.5, reflecting strong performance, although investor participation has declined significantly compared to recent averages.
Fortis Healthcare Ltd, a prominent player in the hospital industry, has experienced a significant increase in open interest today. The latest open interest stands at 19,450 contracts, marking a notable rise from the previous open interest of 14,962 contracts. This change of 4,488 contracts represents a 30% increase, indicating heightened activity in the derivatives market. The trading volume for the day reached 44,234 contracts, contributing to a futures value of approximately Rs 43.42 crore.In terms of price performance, Fortis Healthcare hit a new 52-week and all-time high of Rs 904.5, reflecting a 5.4% increase during the trading session. The stock opened with a gain of 3.13% and outperformed its sector by 3.82%. Notably, Fortis is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 65.89% compared to the 5-day average. Overall, Fortis Healthcare's performance today highlights a robust market presence amid fluctuating investor engagement.
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