Phoenix Mills Sees Surge in Open Interest Amidst Recent Stock Underperformance

Jul 31 2025 03:00 PM IST
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Phoenix Mills Ltd. has seen a notable rise in open interest, reaching 21,399 contracts, alongside a trading volume of 8,016 contracts. Despite this activity, the stock has underperformed its sector and is trading below key moving averages, with a significant drop in delivery volume compared to recent averages.
Phoenix Mills Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 21,399 contracts, up from the previous open interest of 18,126, marking a change of 3,273 contracts or an 18.06% increase. The trading volume for the day reached 8,016 contracts, contributing to a futures value of approximately Rs 29,202.51 lakhs and an options value of Rs 1,304,410.29 lakhs, bringing the total value to Rs 29,337.60 lakhs.

In terms of price performance, Phoenix Mills has underperformed its sector by 0.91%, with the stock declining for four consecutive days, resulting in a total drop of 2.92% during this period. The stock touched an intraday low of Rs 1,469.20, reflecting a decrease of 2.17%. Additionally, Phoenix Mills is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also seen a significant decline, falling by 72.56% compared to the 5-day average.

In summary, the increase in open interest for Phoenix Mills Ltd. highlights a shift in market dynamics, despite the stock's recent underperformance and declining trading metrics.
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