Apollo Hospitals Sees Surge in Open Interest Amid Increased Market Activity

Jan 05 2024 03:36 PM IST
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Apollo Hospitals Enterprise Ltd. has seen a notable rise in open interest, reaching 32,821 contracts, alongside a trading volume of 32,762 contracts, indicating strong market activity. The stock has gained over the past two days and is trading above key moving averages, reflecting positive investor engagement.
Apollo Hospitals Enterprise Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 32,821 contracts, up from the previous figure of 28,712, marking a change of 4,109 contracts or a 14.31% increase. The trading volume for the day reached 32,762 contracts, indicating robust participation in the market.

In terms of performance, Apollo Hospitals has shown a positive trend, gaining 2.14% over the last two days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum. Additionally, the delivery volume on April 8 was recorded at 375,000 shares, which is a 55.24% increase compared to the 5-day average delivery volume, highlighting rising investor participation.

With a market capitalization of Rs 98,248.06 crore, Apollo Hospitals operates within the Hospital & Healthcare Services industry. The stock's performance today aligns with sector trends, as it posted a 1.15% return, compared to a sector return of 0.90% and a Sensex decline of 0.58%. Overall, the increase in open interest and positive trading metrics underscore the stock's active market presence.
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