Phoenix Mills Sees Significant Open Interest Surge Amidst Sector Decline

Apr 25 2025 01:00 PM IST
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Phoenix Mills Ltd. has seen a notable rise in open interest, reaching 7,621 contracts, alongside a trading volume of 3,150 contracts. Despite a recent decline in price, the stock has outperformed its sector. Increased delivery volume indicates heightened trading activity, reflecting a shift in market dynamics.
Phoenix Mills Ltd. (PHOENIXLTD), a prominent player in the Construction - Real Estate sector, has experienced a significant increase in open interest today. The latest open interest stands at 7,621 contracts, reflecting a rise of 954 contracts or 14.31% from the previous open interest of 6,667. This uptick in open interest comes alongside a trading volume of 3,150 contracts, indicating heightened activity in the stock.

In terms of price performance, Phoenix Mills has outperformed its sector by 1.7%, despite facing a decline over the past three days, with a total drop of 2.24%. The stock reached an intraday high of Rs 1,715.8, marking a 2.78% increase, while it also touched a low of Rs 1,635.6, reflecting a decrease of 2.02%. The weighted average price suggests that more volume was traded closer to the lower end of the price range.

Additionally, the stock remains liquid, with a delivery volume of 2.51 lakh shares on April 24, which is up 22.42% compared to the five-day average. Overall, the recent surge in open interest highlights a notable shift in trading dynamics for Phoenix Mills, amidst a broader sector decline of 3.17%.
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