Phoenix Mills Sees Surge in Open Interest Amidst Volatile Trading Conditions

May 02 2025 01:00 PM IST
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Phoenix Mills Ltd. has seen a notable rise in open interest, reaching 11,754 contracts, alongside a trading volume of 18,279 contracts. Despite this increase, the stock has underperformed its sector and is trading below multiple moving averages, indicating a volatile trading environment.
Phoenix Mills Ltd. has experienced a significant increase in open interest today, with the latest open interest (OI) reported at 11,754 contracts, up from the previous OI of 9,481 contracts. This marks a change of 2,273 contracts, representing a 23.97% increase. The trading volume for the day reached 18,279 contracts, contributing to a total futures value of approximately Rs 22,995.62 lakhs and an options value of Rs 8,074.31 crores, bringing the total to Rs 25,104.58 lakhs.

In terms of price performance, Phoenix Mills has underperformed its sector by 7.18%, opening the day with a loss of 2.97%. The stock hit an intraday low of Rs 1,531.20, reflecting a decline of 8.01%. The weighted average price indicates that more volume was traded closer to this low price, highlighting the stock's high volatility today, with an intraday volatility of 5.03%.

Despite the increase in open interest, Phoenix Mills is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's liquidity remains adequate for trading, with a delivery volume of 2.68 lakhs, which has risen by 7.98% compared to the 5-day average. Overall, the notable rise in open interest amidst a challenging trading environment underscores the dynamic nature of Phoenix Mills' market activity today.
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