Fortis Healthcare Sees Surge in Open Interest Amid Increased Trading Activity
Fortis Healthcare Ltd has seen a notable rise in open interest, reaching 1,920 contracts, up from 510, indicating increased trading activity. The stock is trading near its 52-week high and has outperformed its sector, with strong liquidity reflected in a significant delivery volume increase.
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 1,920 contracts, a substantial rise from the previous open interest of 510 contracts, marking a change of 1,410 contracts or an impressive 276.47%. The trading volume for the day reached 4,016 contracts, indicating robust market engagement.In terms of price performance, Fortis Healthcare is currently trading close to its 52-week high, just 1.49% away from Rs 744.5. The stock has shown resilience, outperforming its sector by 2.85% today, with an intraday high of Rs 735, representing a 4.06% increase. Additionally, Fortis Healthcare is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.
The stock's liquidity remains favorable, with a delivery volume of 12.05 lakh shares on May 30, reflecting a 40.04% increase compared to the 5-day average. Overall, the notable rise in open interest and positive price movements underscore Fortis Healthcare's active market presence.
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