Hindustan Petroleum Sees Surge in Open Interest Amid Increased Trading Activity

Apr 23 2025 01:00 PM IST
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Hindustan Petroleum Corporation Ltd. has seen a notable rise in open interest, reaching 45,441 contracts, alongside a trading volume of 27,622 contracts. Despite a decline in stock price, it remains above key moving averages, indicating sustained investor interest and participation in the oil exploration and refinery sector.
Hindustan Petroleum Corporation Ltd. (HINDPETRO) has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 45,441 contracts, marking an increase of 6,084 contracts or 15.46% from the previous open interest of 39,357. The trading volume for the day reached 27,622 contracts, contributing to a total futures value of approximately Rs 132.27 lakhs.

In terms of price performance, Hindustan Petroleum has underperformed its sector by 2.61%, with the stock falling after two consecutive days of gains. The stock touched an intraday low of Rs 383.85, representing a decline of 3.66%. Despite this, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term upward trend.

Additionally, the stock has shown rising investor participation, with delivery volume increasing by 60.62% compared to the 5-day average. With a market capitalization of Rs 82,410.57 crore, Hindustan Petroleum remains a significant player in the oil exploration and refinery industry. Overall, the notable rise in open interest today highlights active trading dynamics surrounding the stock.
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