Hindustan Copper Ltd Sees 3,663 Active Call Contracts with Strike at Rs 260

Hindustan Copper Ltd, a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, HINDCOPPER, saw significant activity with 3,663 call contracts traded, resulting in a turnover of approximately Rs 1,022.32 lakhs. The options set to expire on June 26, 2025, have a strike price of Rs 260, closely aligning with the underlying value of Rs 259.
Despite the notable trading volume, Hindustan Copper underperformed its sector by 0.32% today, although it has shown resilience with a consecutive gain over the past three days, yielding a total return of 3.72%. The stock reached an intraday high of Rs 260.65, reflecting a 2.74% increase.

In terms of moving averages, the stock is currently above its 5-day, 20-day, 50-day, and 100-day averages, yet remains below the 200-day average. The sector itself, Non-Ferrous Metals, has gained 2.09%, indicating a positive trend within the industry. However, investor participation appears to be declining, with delivery volume falling by 13.2% compared to the 5-day average.

Overall, Hindustan Copper's activity today highlights its position within the market, characterized by fluctuating investor engagement and sector performance.