Hindalco Industries Sees 12.29% Surge in Open Interest to 81,729 Contracts

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 81,729 contracts, reflecting a rise of 8,945 contracts or 12.29% from the previous open interest of 72,784. This surge in open interest coincides with a trading volume of 96,843 contracts, indicating heightened activity in the stock.
In terms of price performance, Hindalco reached a new 52-week and all-time high of Rs 845.1, marking a 2.5% increase for the day. The stock has shown consistent upward momentum, gaining 7.01% over the past three days and outperforming its sector by 0.37%. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend.

The delivery volume on October 24 was notably high at 67.33 lakh shares, representing a 200.52% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 1,88,710.85 crore, Hindalco remains a liquid stock, suitable for trades of significant size. Overall, the notable increase in open interest and robust trading metrics highlight the stock's active market engagement today.