Hindustan Petroleum Sees Surge in Open Interest Amid Increased Futures 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 50,906 contracts, up from the previous open interest of 45,145 contracts, marking a change of 5,761 contracts or a 12.76% increase. The trading volume for the day reached 31,736 contracts, indicating robust participation.
In terms of price performance, Hindustan Petroleum has outperformed its sector by 1.58%, with a 1D return of 0.94%. The stock has shown consistent gains over the past three days, accumulating a total return of 2.42% during this period. However, it did touch an intraday low of Rs 416, reflecting a decline of 2.3% at one point.

The stock's weighted average price suggests that more volume was traded closer to this low price. Additionally, Hindustan Petroleum's liquidity remains strong, with a delivery volume of 30.53 lakh shares on July 29, which is 55.25% higher than the five-day average. The company, operating in the oil industry, holds a market capitalization of Rs 89,454 crore, positioning it as a large-cap player in the market. Overall, the notable increase in open interest highlights a dynamic trading environment for Hindustan Petroleum.