Fortis Healthcare's Rs 1000 Call Option Sees 7,465 Contracts Traded, Turnover Hits Rs 1,072.61 Lakhs

Fortis Healthcare Ltd, a mid-cap player in the hospital industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, FORTIS, has seen significant trading activity with 7,465 call contracts exchanged, reflecting a turnover of approximately Rs 1,072.61 lakhs. The options have a strike price of Rs 1,000 and are set to expire on November 25, 2025, with an open interest of 2,717 contracts.
In terms of price performance, Fortis Healthcare has underperformed its sector by 0.59%, marking a consecutive decline over the past three days, resulting in a total drop of 4.92%. The stock reached an intraday high of Rs 1,007.5, representing a 2.09% increase, while it also recorded a low of Rs 966.5, down by 2.07%. The weighted average price indicates that more volume was traded closer to the lower price point.

Despite the recent downturn, the stock remains above its 100-day and 200-day moving averages, although it is currently below the 5-day, 20-day, and 50-day moving averages. Notably, investor participation has increased, with delivery volume rising by 59.57% compared to the 5-day average. The liquidity of Fortis Healthcare is adequate for a trade size of Rs 5.7 crore, based on 2% of the 5-day average traded value. Overall, the activity surrounding Fortis Healthcare reflects a dynamic trading environment amid recent performance challenges.