Hindalco Industries Sees Significant Open Interest Surge Amid Market Dynamics Shift

May 30 2025 03:00 PM IST
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Hindalco Industries Ltd has seen a notable rise in open interest, reaching 52,888 contracts, alongside a trading volume of 24,069 contracts. Despite a slight decline in stock price, the company maintains a significant market capitalization of Rs 1,42,732.59 crore, indicating active market engagement.
Hindalco Industries Ltd, a prominent player in the Non-Ferrous Metals sector, has experienced a significant increase in open interest today. The latest open interest stands at 52,888 contracts, reflecting a rise of 5,236 contracts or 10.99% from the previous open interest of 47,652. This uptick comes alongside a trading volume of 24,069 contracts, indicating active participation in the market.

In terms of price performance, Hindalco's stock has underperformed its sector by 0.25%, with an intraday low of Rs 634.5, marking a decline of 2.38%. The stock is currently positioned above its 100-day moving average but below its 5-day, 20-day, 50-day, and 200-day moving averages, suggesting mixed momentum in the short to medium term.

The Aluminium & Aluminium Products sector has also seen a downturn, with a decline of 2.07%. Notably, the stock's delivery volume has shown a slight increase, reaching 25.82 lakh shares, which is up by 0.05% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,42,732.59 crore, Hindalco remains a significant entity in its industry. Overall, the increase in open interest highlights a notable shift in market dynamics for Hindalco Industries.
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