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 29,525 contracts, alongside a trading volume of 11,992 contracts. Despite facing price challenges, the stock remains above key moving averages and has demonstrated increased liquidity, with a market capitalization of approximately Rs 1,20,235.12 crore.
Max Healthcare Institute Ltd (MAXHEALTH) has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 29,525 contracts, up from the previous 26,408, marking a change of 3,117 contracts or an 11.8% increase. This surge in open interest comes alongside a trading volume of 11,992 contracts, indicating a robust engagement in the market.In terms of price performance, Max Healthcare has been facing challenges, with a 1D return of -0.85%, while the sector and Sensex reported returns of -0.73% and -0.24%, respectively. The stock has been on a downward trend, losing 4.81% over the past three days. Despite this, it remains above its 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day and 20-day moving averages.
The liquidity of Max Healthcare is also noteworthy, with a delivery volume of 14.29 lakh shares on July 9, reflecting a 46.98% increase compared to the 5-day average. The market capitalization of the company is approximately Rs 1,20,235.12 crore, positioning it as a large-cap player in the hospital industry. Overall, the increase in open interest suggests a significant shift in trading dynamics for Max Healthcare Institute.
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