Fortis Healthcare Sees Surge in Open Interest Amid Strong Trading Activity
Fortis Healthcare Ltd has seen a notable rise in open interest, indicating increased trading activity, with current figures at 20,798 contracts. The stock reached a new all-time high of Rs 849.7 and has shown consistent upward momentum, outperforming its sector and maintaining favorable liquidity.
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 20,798 contracts, up from the previous 18,749, marking a change of 2,049 contracts or a 10.93% increase. The trading volume for the day reached 29,717 contracts, indicating robust market engagement.In terms of price performance, Fortis Healthcare hit a new 52-week and all-time high of Rs 849.7, representing a 3.16% increase during the trading session. The stock has shown consistent upward momentum, gaining 5.86% over the past four days and outperforming its sector by 1.16%. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend.
The liquidity of Fortis Healthcare remains favorable, with a delivery volume of 138,100 shares on July 23, reflecting a 127.16% increase compared to the 5-day average. With a market capitalization of Rs 63,054.10 crore, Fortis Healthcare continues to solidify its position in the healthcare sector. Overall, the notable rise in open interest and strong price performance underscores the stock's active trading environment.
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