Hindustan Copper Sees Significant Open Interest Surge Amid Active Market Participation

Hindustan Copper Ltd, a prominent player in the Non-Ferrous Metals industry, has experienced a significant increase in open interest today. The latest open interest stands at 23,929 contracts, marking a rise of 2,780 contracts or 13.14% from the previous open interest of 21,149. This uptick in open interest coincides with a trading volume of 23,438 contracts, indicating active participation in the market.
In terms of price performance, Hindustan Copper has outperformed its sector by 0.29% today, with the stock gaining 3.48% over the last three days. The stock reached an intraday high of Rs 260.65, reflecting a 2.74% increase during the session. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume falling by 13.2% compared to the 5-day average. The liquidity remains robust, supporting a trade size of Rs 3.12 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest highlights a dynamic trading environment for Hindustan Copper, reflecting the stock's current market activity.