Max Healthcare Sees Surge in Open Interest Amid Active Trading Environment
Max Healthcare Institute Ltd has seen a notable rise in open interest, reaching 35,825 contracts today. The trading volume hit 18,317 contracts, contributing to a total futures and options value of approximately Rs 64,705.20 lakhs. Despite a decline in delivery volume, the stock remains above key moving averages.
Max Healthcare Institute Ltd (MAXHEALTH) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 35,825 contracts, up from the previous open interest of 30,441 contracts, marking a change of 5,384 contracts or a 17.69% increase. The trading volume for the day reached 18,317 contracts, contributing to a futures value of approximately Rs 64,178.11 lakhs and an options value of around Rs 5,199.33 crore, bringing the total value to Rs 64,705.20 lakhs. The underlying value of the stock is reported at Rs 1,194.In terms of price performance, Max Healthcare's stock has shown resilience, aligning closely with sector trends. It is currently above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below the 5-day moving average. Notably, there has been a decline in investor participation, with delivery volume dropping by 36.36% compared to the 5-day average, totaling 8.09 lakh shares on June 23.
Overall, the increase in open interest alongside the current trading metrics highlights a dynamic trading environment for Max Healthcare Institute, reflecting ongoing market engagement.
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