Phoenix Mills Sees Surge in Open Interest, Indicating Increased Trading Activity

May 27 2025 02:00 PM IST
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Phoenix Mills Ltd. has seen a significant rise in open interest, reaching 13,952 contracts, indicating increased trading activity. The stock is trading above several moving averages, while delivery volume has decreased. With a market capitalization of Rs 57,096 crore, the company remains a key player in the realty sector.
Phoenix Mills Ltd. has experienced a notable increase in open interest today, signaling heightened activity in its trading. The latest open interest stands at 13,952 contracts, reflecting a significant rise of 1,596 contracts or 12.92% from the previous open interest of 12,356. The trading volume for the day reached 6,806 contracts, contributing to a total futures value of approximately Rs 26,457.33 lakhs.

In terms of price performance, Phoenix Mills has shown resilience, with its stock performance aligning closely with sector trends. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, the delivery volume has seen a decline, with a reported 2.84 lakh shares delivered on May 26, marking a decrease of 4.73% compared to the 5-day average.

With a market capitalization of Rs 57,096 crore, Phoenix Mills operates within the large-cap segment of the realty industry. The liquidity of the stock remains robust, supporting trade sizes of approximately Rs 2.03 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in trading dynamics for Phoenix Mills Ltd.
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