Max Healthcare Sees Surge in Open Interest Amid Increased Futures Market Activity
Max Healthcare Institute Ltd has seen a notable rise in open interest, reaching 36,532 contracts, alongside a trading volume of 21,179 contracts. The stock is nearing its 52-week high and has outperformed its sector, although investor participation has declined with a drop in delivery volume.
Max Healthcare Institute Ltd (MAXHEALTH) has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 36,532 contracts, up from the previous 30,441, marking a change of 6,091 contracts or a 20.01% increase. This surge coincides with a trading volume of 21,179 contracts, indicating robust market engagement.In terms of financial performance, Max Healthcare is currently trading close to its 52-week high, just 4.8% away from Rs 1,256.2. The stock has outperformed its sector, delivering a 1D return of 0.65%, compared to the sector's 0.09% and the Sensex's 0.33%. Notably, the stock's price is above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below the 5-day moving average.
Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 36.36% against the 5-day average. The liquidity remains adequate, with the stock trading at a size of Rs 4.84 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for Max Healthcare Institute.
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