Hindustan Petroleum Sees Surge in Open Interest Amid Increased Trading Activity

Hindustan Petroleum Corporation Ltd. (HINDPETRO) has experienced a notable increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 35,311 contracts, up from the previous figure of 31,451, marking a change of 3,860 contracts or a 12.27% increase. The trading volume for the day reached 26,668 contracts, contributing to a total futures value of approximately Rs 40,990.95 lakhs. In terms of price performance, Hindustan Petroleum's stock has underperformed its sector by 4.33%, with an intraday low of Rs 394.5, representing a decline of 4.91%. The weighted average price indicates that more volume was traded closer to this low price. While the stock is currently above its 50-day, 100-day, and 200-day moving averages, it remains below its 5-day and 20-day moving averages. Additionally, the stock has shown a significant rise in delivery volume, which increased by 211.39% compared to the 5-day average, indicating a growing participation in the market. With a market capitalization of Rs 84,080.91 crore, Hindustan Petroleum continues to maintain a high dividend yield of 3.98%. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for Hindustan Petroleum Corporation.