Max Healthcare Sees Surge in Open Interest Amid Mixed Trading Performance

Mar 24 2025 10:00 AM IST
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Max Healthcare Institute Ltd has seen a significant rise in open interest, reaching 32,412 contracts, alongside a notable increase in delivery volume. Despite this activity, the stock has underperformed compared to its sector. The company maintains a strong market capitalization, indicating a liquid trading environment.
Max Healthcare Institute Ltd (MAXHEALTH) has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 32,412 contracts, up from the previous figure of 28,583, marking a change of 3,829 contracts or a 13.4% increase. The trading volume for the day reached 9,371 contracts, contributing to a futures value of approximately Rs 29,512.74 lakhs.

Despite this surge in open interest, Max Healthcare's stock has underperformed relative to its sector, showing a decline of 0.70% today, while the sector itself gained 0.46%. The stock has recently reversed a trend of eight consecutive days of gains, although it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend.

Additionally, the stock has seen a significant rise in delivery volume, with 39.14 lakh shares delivered on March 21, reflecting an increase of 168.89% compared to the 5-day average. With a market capitalization of Rs 1,12,972.63 crore, Max Healthcare continues to maintain a liquid trading environment, suitable for transactions of Rs 7.07 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Max Healthcare Institute.
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