Phoenix Mills Sees Surge in Open Interest Amid Increased Trading Activity
Phoenix Mills Ltd. has seen a significant rise in open interest, reaching 10,322 contracts, alongside a trading volume of 15,255 contracts. The stock has outperformed its sector, with a recent price increase and sufficient liquidity for trades. Despite a slight decline in delivery volume, trading 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 10,322 contracts, up from the previous 9,134 contracts, marking a change of 1,188 contracts or a 13.01% increase. The trading volume for the day reached 15,255 contracts, contributing to a futures value of approximately Rs 12,203.52 lakhs and an options value of Rs 7,861.90 lakhs, bringing the total value to around Rs 13,474.26 lakhs.In terms of price performance, Phoenix Mills has outperformed its sector by 1.17%, with a stock price increase of 7.09% over the last two days. The stock touched an intraday high of Rs 1,687.75, reflecting a 3.93% gain for the day. While the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below its 200-day moving average.
Despite a slight decline in delivery volume, which fell by 7.34% compared to the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 3.28 crore. Overall, the increase in open interest alongside the stock's recent performance highlights significant trading activity in Phoenix Mills Ltd.
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