Hindalco Industries Sees 10.5% Surge in Open Interest to 80,424 Contracts
Hindalco Industries Ltd has seen a notable rise in open interest, reaching 80,424 contracts, alongside a trading volume of 69,624 contracts. The stock hit a new all-time high of Rs 842, with significant delivery volume increasing by over 200% compared to the 5-day average, indicating strong market activity.
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 80,424 contracts, reflecting a rise of 7,640 contracts or 10.5% from the previous open interest of 72,784. This uptick in open interest coincides with a trading volume of 69,624 contracts, indicating robust activity in the derivatives market.The stock reached a new 52-week and all-time high of Rs 842 today, marking a 2.13% increase during the trading session. Over the past three days, Hindalco has shown a consistent upward trend, with a total gain of 7.24%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong performance relative to its historical price levels.
Additionally, the delivery volume on October 24 surged to 67.33 lakh shares, representing a remarkable increase of 200.52% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,89,486.14 crore, Hindalco remains a liquid stock, suitable for substantial trading sizes. Overall, the notable rise in open interest and strong trading metrics highlight the active engagement in Hindalco Industries' stock today.
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