Phoenix Mills Sees Surge in Open Interest Amid Increased Market Activity

Sep 02 2025 02:00 PM IST
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Phoenix Mills Ltd. has seen a notable rise in open interest, reaching 16,571 contracts, alongside a trading volume of 31,123 contracts, indicating increased market activity. The stock has outperformed its sector and is trading above several moving averages, despite a decline in investor participation and delivery volume.
Phoenix Mills Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 16,571 contracts, marking a rise of 3,369 contracts or 25.52% from the previous open interest of 13,202. The trading volume for the day reached 31,123 contracts, indicating robust market engagement.

In terms of price performance, Phoenix Mills has outperformed its sector by 1.45%, with the stock gaining 3.59% over the last two days. Today, it opened with a gain of 2.24% and reached an intraday high of Rs 1,597.5, reflecting a 5.3% increase at its peak. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 55.75% compared to the 5-day average. The liquidity remains adequate for trades up to Rs 2.24 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest alongside the stock's recent performance highlights a dynamic trading environment for Phoenix Mills Ltd.
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