Max Healthcare's Open Interest Rises 15.13% to 47,945 Contracts Amid Increased Futures Activity
Max Healthcare Institute Ltd has seen a notable rise in open interest, reaching 47,945, alongside a trading volume of 21,104, indicating increased market activity. Despite a slight underperformance compared to its sector, the company maintains a strong market capitalization of Rs 1,15,064.18 crore in the hospital industry.
Max Healthcare Institute Ltd (symbol: MAXHEALTH) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 47,945, up from the previous 41,645, marking a change of 6,300, or a 15.13% increase. This uptick in open interest comes alongside a trading volume of 21,104, indicating heightened market engagement.In terms of price performance, Max Healthcare has underperformed its sector by 0.64% today, with a 1-day return of -0.05%. The stock is currently trading at an underlying value of Rs 1,182. While it is positioned higher than its 20-day, 50-day, and 200-day moving averages, it remains below its 5-day and 100-day moving averages. Additionally, the stock has seen a decline in delivery volume, with a reported 5.01 lakh shares delivered on October 24, down 71.65% compared to the 5-day average.
With a market capitalization of Rs 1,15,064.18 crore, Max Healthcare continues to maintain a solid presence in the hospital industry. The increase in open interest today highlights a shift in market dynamics, warranting attention from market participants.
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