Fortis Healthcare Sees 32.19% Surge in Open Interest Amid Trading Activity

Fortis Healthcare Ltd, a mid-cap player in the hospital industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 35,638 contracts, up from the previous 26,959, marking a notable change of 8,679 contracts or 32.19%. The trading volume for the day reached 77,870 contracts, indicating robust participation in the market.
In terms of price performance, Fortis Healthcare has underperformed its sector by 2.02%, with the stock experiencing a decline over the past three days, totaling a drop of 5.81%. Today, the stock hit an intraday high of Rs 1,007.5, representing a 2.09% increase, while the intraday low was recorded at Rs 949.6, reflecting a decrease of 3.78%. The weighted average price suggests that more volume was traded closer to the lower end of the price range.

Additionally, the stock's delivery volume on November 11 reached 22.97 lakh shares, a 59.57% increase compared to the five-day average, indicating rising investor participation. With a market capitalization of Rs 72,480 crore, Fortis Healthcare remains a liquid option for trades sized at Rs 5.7 crore, based on 2% of the five-day average traded value. Overall, the surge in open interest highlights a notable shift in trading dynamics for Fortis Healthcare.