Fortis Healthcare Sees 49.61% Surge in Open Interest, Reaching 20,402 Contracts

Fortis Healthcare Ltd, a prominent player in the hospital industry, has experienced a significant increase in open interest today, signaling heightened activity in its futures market. The latest open interest stands at 20,402 contracts, a notable rise from the previous open interest of 13,637 contracts, marking a change of 6,765 contracts or 49.61%. The trading volume for the day reached 91,307 contracts, reflecting robust market engagement.
In terms of price performance, Fortis Healthcare achieved a new 52-week and all-time high of Rs 1,060.1, representing an intraday increase of 8.13%. The stock has outperformed its sector by 3.76%, with a one-day return of 7.14%, compared to the hospital and healthcare services sector's return of 3.48% and the Sensex's return of 0.70%.

Additionally, Fortis Healthcare is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The stock's liquidity remains favorable, 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 surge in open interest and strong price performance underscores the dynamic activity surrounding Fortis Healthcare in the current market landscape.