Phoenix Mills Sees Surge in Open Interest Amid Ongoing Stock Decline

Jul 02 2025 02:00 PM IST
share
Share Via
Phoenix Mills Ltd. has seen a significant rise in open interest, reaching 13,883 contracts, alongside a trading volume of 7,080 contracts. Despite this increased trading activity, the stock has underperformed, experiencing consecutive losses and trading below key moving averages, indicating a bearish trend in the market.
Phoenix Mills Ltd. has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 13,883 contracts, up from the previous 12,275, marking a change of 1,608 contracts or a 13.1% increase. The trading volume for the day reached 7,080 contracts, indicating a robust engagement in the market.

Despite this surge in open interest, the stock has underperformed relative to its sector, showing a decline of 1.83% today. Over the past four days, Phoenix Mills has faced consecutive losses, with a total drop of 8.61%. The stock hit an intraday low of Rs 1,483.5, reflecting a decrease of 4.06% from its previous close.

In terms of moving averages, Phoenix Mills is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend. Additionally, the construction and real estate sector has also seen a decline of 2.01%.

Overall, the increase in open interest for Phoenix Mills highlights a significant shift in trading dynamics, even as the stock grapples with downward pressure in its performance metrics.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News