Max Healthcare Sees Significant Surge in Open Interest Amid Increased Trading Activity
Max Healthcare Institute Ltd has seen a significant rise in open interest, reaching 40,260 contracts, alongside a trading volume of 22,330 contracts. The stock is trading above its key moving averages, indicating a positive trend, while delivery volume has also increased, reflecting heightened investor participation.
Max Healthcare Institute Ltd (symbol: MAXHEALTH) has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 40,260 contracts, up from the previous figure of 36,535, marking a change of 3,725 contracts or a 10.2% increase. The trading volume for the day reached 22,330 contracts, contributing to a futures value of approximately Rs 55.65 crore.In terms of price performance, Max Healthcare has underperformed its sector by 0.49%, with a one-day return of -0.84%. Despite this, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the short to medium term. Additionally, the delivery volume on April 22 was recorded at 23.17 lakh shares, which is a 20.42% increase compared to the 5-day average delivery volume, suggesting rising investor participation.
With a market capitalization of Rs 1,08,802.14 crore, Max Healthcare operates within the Hospital & Healthcare Services industry, maintaining a liquid trading environment suitable for transactions of Rs 5.73 crore based on recent trading metrics. Overall, the increase in open interest highlights a significant shift in market dynamics for Max Healthcare Institute Ltd.
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