Hindustan Copper Sees Significant Surge in Open Interest Amid Increased Trading Activity

Hindustan Copper Ltd, a prominent player in the non-ferrous metal industry, has experienced a significant increase in open interest today. The latest open interest stands at 25,188 contracts, reflecting a rise of 3,161 contracts or 14.35% from the previous open interest of 22,027. This uptick in open interest comes alongside a trading volume of 17,193 contracts, indicating heightened activity in the stock.
In terms of price performance, Hindustan Copper reached an intraday high of Rs 237.3, marking a gain of 3.65% for the day. The stock's performance aligns closely with its sector, which recorded a 1D return of 0.55%, while Hindustan Copper itself posted a modest 0.46% return. Notably, the stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages.

The liquidity of Hindustan Copper is also noteworthy, with a delivery volume of 49 lakh shares on March 25, reflecting a 24.98% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 22,638 crore, Hindustan Copper continues to maintain a solid position in the market. Overall, the increase in open interest and trading activity underscores the stock's current dynamics without indicating future trends.