Fortis Healthcare Sees 42.38% Surge in Open Interest Amid Strong Price Performance

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 19,416 contracts, a notable rise from the previous open interest of 13,637 contracts, marking a change of 5,779 contracts or 42.38%. This surge coincides with a trading volume of 62,924 contracts, indicating robust market engagement.
In terms of price performance, Fortis Healthcare reached a new 52-week and all-time high of Rs 1,055.4 today, representing a 7.65% increase during the trading session. The stock has outperformed its sector by 3.15%, with a one-day return of 6.44%, compared to the sector's return of 3.54% and the Sensex's return of 0.44%. Additionally, Fortis Healthcare is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The hospital and healthcare services sector has also shown positive momentum, gaining 3.7%. With a market capitalization of Rs 76,926 crore, Fortis Healthcare continues to demonstrate liquidity, with a delivery volume of 22.74 lakh shares on October 3, reflecting a 54.74% increase against the 5-day average delivery volume. Overall, the notable rise in open interest and strong price performance underscores the active trading environment surrounding Fortis Healthcare.