Phoenix Mills Sees Surge in Open Interest Amid Increased Trading Activity

Mar 21 2025 12:00 PM IST
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Phoenix Mills Ltd. has seen a notable rise in open interest, reaching 10,576 contracts, alongside a trading volume of 12,162 contracts, indicating increased market activity. The stock has outperformed its sector and is currently trading above several moving averages, despite a decline in delivery volume.
Phoenix Mills Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 10,576 contracts, up from the previous 9,134, marking a change of 1,442 contracts or a 15.79% increase. The trading volume for the day reached 12,162 contracts, indicating robust market engagement.

In terms of price performance, Phoenix Mills has outperformed its sector by 1.68%, with the stock gaining 7.9% over the last two days. Today, it reached an intraday high of Rs 1,687.75, reflecting a 3.93% increase. 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 decline in investor participation, with delivery volume dropping by 7.34% compared to the 5-day average. The stock maintains a market capitalization of Rs 59,742.15 crore, categorizing it as a large-cap entity in the construction and real estate industry. Overall, the notable rise in open interest underscores the active trading environment surrounding Phoenix Mills Ltd.
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