Phoenix Mills Sees Surge in Open Interest Amid Ongoing Stock Decline

Jul 02 2025 03:00 PM IST
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Phoenix Mills Ltd. has seen a notable rise in open interest, reaching 14,271 contracts, alongside a trading volume of 8,462 contracts. However, the stock has underperformed, experiencing consecutive losses over four days and trading below key moving averages, indicating a challenging market environment.
Phoenix Mills Ltd. has experienced a significant increase in open interest today, with the latest open interest (OI) recorded at 14,271 contracts, up from the previous OI of 12,275 contracts. This marks a change of 1,996 contracts, reflecting a percentage increase of 16.26%. The trading volume for the day stands at 8,462 contracts, indicating active participation in the market.

Despite this uptick in open interest, the stock has underperformed relative to its sector, showing a decline of 1.54% today. Over the past four days, Phoenix Mills has faced consecutive losses, with a total drop of 8.16%. The stock reached an intraday low of Rs 1,483.5, representing a decrease of 4.06% from the 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 moving averages, suggesting a bearish trend. Additionally, the stock's delivery volume has decreased significantly, falling by 48.9% compared to the 5-day average.

Overall, while the increase in open interest indicates heightened trading activity, the stock's recent performance and liquidity metrics suggest a challenging environment for investors.
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