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 18,885 contracts, up from the previous 15,939, marking a change of 2,946 contracts or an 18.48% increase. This surge in open interest coincides with a trading volume of 21,112 contracts, reflecting robust market engagement.
In terms of price performance, Hindustan Copper has outperformed its sector by 0.75%, with the stock gaining 12.84% over the past six days. Today, it reached an intraday high of Rs 281.29, representing a 3.39% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Additionally, the delivery volume has seen a remarkable rise, with 52.25 lakh shares delivered on June 26, up 186.78% compared to the 5-day average. With a market capitalization of Rs 26,980 crore, Hindustan Copper continues to demonstrate liquidity suitable for trades of Rs 3.61 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and strong trading metrics highlight the stock's active market presence.