Surge in Open Interest for Hindustan Petroleum Signals Increased Market Activity

Hindustan Petroleum Corporation Ltd. (HINDPETRO) has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 45,709 contracts, up from the previous figure of 40,788, marking a change of 4,921 contracts or a 12.06% increase. This surge in open interest coincides with a trading volume of 22,809 contracts, indicating robust market engagement.
In terms of price performance, Hindustan Petroleum's stock is currently trading inline with its sector, showing a 1-day return of 0.33%, compared to a sector return of 0.09% and a Sensex return of -0.57%. The stock is positioned higher than its 50-day, 100-day, and 200-day moving averages, although it is lower than its 5-day and 20-day moving averages.

Additionally, the company boasts a high dividend yield of 3.91% at the current price, and its liquidity remains favorable, with a trade size of Rs 2.94 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest for Hindustan Petroleum underscores a dynamic trading environment, reflecting the stock's active participation in the market.