Phoenix Mills Ltd. Sees Surge in Open Interest Amid Active Trading Environment

Apr 02 2025 11:00 AM IST
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Phoenix Mills Ltd. has seen a notable rise in open interest, reaching 5,575 contracts, alongside a trading volume of 3,663 contracts. The stock has outperformed its sector and recovered from previous declines, although investor participation has decreased significantly. This reflects a dynamic trading environment in the construction and real estate sector.
Phoenix Mills Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 5,575 contracts, up from the previous 4,932 contracts, marking a change of 643 contracts or a 13.04% increase. The trading volume for the day reached 3,663 contracts, contributing to a total futures value of approximately Rs 3,918.47 lakhs and an options value of around Rs 1,820.54 crores.

In terms of price performance, Phoenix Mills has outperformed its sector by 1.67%, 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. However, there has been a decline in investor participation, with delivery volume dropping by 60.92% compared to the 5-day average.

Overall, the increase in open interest alongside the stock's performance metrics indicates a dynamic trading environment for Phoenix Mills Ltd. in the construction and real estate sector.
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