Phoenix Mills Sees Surge in Open Interest Amid Increased Trading Activity
Phoenix Mills Ltd. has seen a significant rise in open interest, reaching 5,452 contracts, alongside a trading volume of 4,769 contracts. The stock has outperformed its sector and achieved an intraday high of Rs 1,660, despite a decline in delivery volume. Overall, market activity remains robust.
Phoenix Mills Ltd. has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 5,452 contracts, up from the previous 4,932, marking a change of 520 contracts or a 10.54% increase. The trading volume for the day reached 4,769 contracts, contributing to a total futures value of approximately Rs 5,568.56 lakhs and an options value of around Rs 2,319.54 crore, bringing the total value to Rs 6,232.74 lakhs.In terms of price performance, Phoenix Mills has outperformed its sector by 0.68%, recovering after two consecutive days of decline. The stock reached an intraday high of Rs 1,660, reflecting a gain of 3.68% for the day. While the stock is currently above its 20-day, 50-day, and 100-day moving averages, it remains below its 5-day and 200-day moving averages.
Despite a decline in delivery volume, which fell by 60.92% against the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 1.48 crore. Overall, the increase in open interest and the stock's performance today highlight significant market activity in Phoenix Mills Ltd.
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