Fortis Healthcare Sees Surge in Open Interest Amid Strong Market Activity

Jun 02 2025 01:00 PM IST
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Fortis Healthcare Ltd has seen a notable rise in open interest, reaching 1,429 contracts, indicating increased activity in its derivatives market. The stock is trading near its 52-week high and has outperformed its sector, reflecting strong market engagement and solid liquidity.
Fortis Healthcare Ltd, a prominent player in the hospital industry, has experienced a significant increase in open interest today, signaling heightened activity in its derivatives market. The latest open interest stands at 1,429 contracts, a substantial rise from the previous open interest of 510 contracts, marking a change of 919 contracts or an impressive 180.2% increase. The trading volume for the day reached 3,091 contracts, reflecting robust engagement from market participants.

In terms of price performance, Fortis Healthcare is currently trading close to its 52-week high, just 2% away from the peak of Rs 744.5. The stock has outperformed its sector, delivering a 1D return of 3.33%, compared to the sector's return of 1.36%. The stock touched an intraday high of Rs 735, representing a 4.06% increase during the trading session. 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.

With a market capitalization of Rs 55,096.85 crore, Fortis Healthcare continues to demonstrate solid liquidity, making it a viable option for trading activities. The notable rise in open interest, coupled with positive price movements, underscores the stock's current market dynamics.
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