Hindustan Petroleum Sees 13.64% Surge in Open Interest Amid Increased Trading Activity

Hindustan Petroleum Corporation Ltd. (HINDPETRO) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 42,891 contracts, up from the previous 37,743 contracts, marking a change of 5,148 contracts or a 13.64% increase. The trading volume for the day reached 32,334 contracts, contributing to a total futures value of approximately Rs 65,820.80 lakhs.
In terms of price performance, Hindustan Petroleum is currently trading close to its 52-week high, just 3.23% away from Rs 455.2. The stock has shown resilience, gaining 4.63% today, outperforming its sector, which returned 1.06%, and the Sensex, which saw a modest increase of 0.42%. Notably, the stock has reversed its trend after two consecutive days of decline, reaching an intraday high of Rs 442.4, a rise of 4.77%.

Additionally, Hindustan Petroleum is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. The delivery volume has also seen a notable rise, increasing by 34.65% compared to the 5-day average, suggesting robust liquidity in the stock. Overall, the increase in open interest and positive price movements highlight a dynamic trading environment for Hindustan Petroleum.