Phoenix Mills Ltd. Sees 17.11% Surge in Open Interest, Reaching 21,083 Contracts

Phoenix Mills Ltd., a prominent player in the realty sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 21,083 contracts, up from the previous 18,003 contracts, marking a change of 3,080 contracts or a 17.11% increase. The trading volume for the day reached 17,666 contracts, indicating robust market engagement.
In terms of price performance, Phoenix Mills has outperformed its sector by 0.27%, with the stock touching an intraday high of Rs 1,714.8, representing a 2.03% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

Despite this positive momentum, there has been a notable decline in delivery volume, which fell by 35.84% compared to the 5-day average, with a delivery volume of 2.41 lakh shares recorded on October 24. The liquidity remains favorable, with the stock being liquid enough for a trade size of Rs 1.43 crore based on 2% of the 5-day average traded value.

In summary, the increase in open interest for Phoenix Mills Ltd. highlights a notable shift in trading dynamics, while the stock's performance metrics indicate a solid position within the market.