Fortis Healthcare Sees 48.75% Surge in Open Interest, Reaching 20,285 Contracts

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 20,285 contracts, a notable rise from the previous open interest of 13,637 contracts, marking a change of 6,648 contracts or an increase of 48.75%. The trading volume for the day reached 78,077 contracts, indicating robust market engagement.
In terms of price performance, Fortis Healthcare hit a new 52-week and all-time high of Rs 1,060.1, representing an intraday gain of 8.13%. The stock has outperformed its sector by 3.8%, with a one-day return of 6.16%, compared to the sector's return of 3.29% and the Sensex's return of 0.75%. Additionally, Fortis is 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 seen a gain of 3.14%. With a market capitalization of Rs 76,926 crore, Fortis Healthcare continues to demonstrate liquidity, with a delivery volume of 22.74 lakh shares, up 54.74% against the 5-day average. Overall, the surge in open interest and strong price performance underscores the stock's active trading environment.