Hindalco Industries Sees 13.03% Surge in Open Interest to 82,267 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 82,267 contracts, reflecting a rise of 9,483 contracts or 13.03% from the previous open interest of 72,784. This surge coincides with a trading volume of 88,716 contracts, indicating robust market activity.
In terms of price performance, Hindalco reached a new 52-week and all-time high of Rs 845.1 today, marking a 2.5% increase during the trading session. The stock has shown consistent gains over the past three days, accumulating a total return of 6.89%. Notably, Hindalco is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the delivery volume on October 24 was recorded at 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 1,88,576.01 crore, Hindalco remains a liquid stock, suitable for trades around Rs 10.59 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and strong price performance underscores the stock's active trading environment.