Hindustan Copper Sees Surge in Open Interest Amid Increased Trading Activity

Hindustan Copper Ltd, a prominent player in the Non-Ferrous Metals industry, has experienced a significant increase in open interest today, signaling heightened trading activity. The latest open interest stands at 18,755 contracts, up from the previous 15,939, marking a change of 2,816 contracts or a 17.67% increase. The trading volume for the day reached 19,997 contracts, contributing to a futures value of approximately Rs 35,234.42 lakhs.
In terms of price performance, Hindustan Copper has outperformed its sector by 0.87%, with a notable 1-day return of 2.11%. The stock has shown consistent gains over the past six days, accumulating a total return of 12.93% during this period. Today, it reached an intraday high of Rs 281.29, reflecting a 3.39% increase.

Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The delivery volume has also surged, with a 186.78% increase compared to the 5-day average, suggesting robust liquidity in the market. Overall, the notable rise in open interest and positive price movements highlight the current dynamics surrounding Hindustan Copper Ltd.