Hindalco Industries Sees Significant Surge in Open Interest Amid Active Market Participation

Hindalco Industries Ltd, a prominent player in the Non-Ferrous Metals sector, has experienced a notable increase in open interest today. The latest open interest stands at 60,702 contracts, reflecting a rise of 5,610 contracts or 10.18% from the previous open interest of 55,092. This surge in open interest comes alongside a trading volume of 46,447 contracts, indicating active participation in the market.
In terms of price performance, Hindalco has outperformed its sector by 0.37%, despite a slight decline of 0.64% in its stock price today. The stock has been on a downward trend over the past two days, with a total return of -0.95% during this period. However, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a relatively strong position in the market.

Additionally, the stock has shown increased liquidity, with a delivery volume of 34.21 lakh shares on July 25, marking a 40.74% rise compared to the 5-day average delivery volume. Overall, the increase in open interest and trading activity highlights a significant moment for Hindalco Industries in the current market landscape.