Hindustan Petroleum Sees Surge in Open Interest Amid Strong Market Activity

May 05 2025 03:00 PM IST
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Hindustan Petroleum Corporation Ltd. has seen a notable rise in open interest, reaching 37,815 contracts, alongside a trading volume of 58,608 contracts. The stock has outperformed its sector and is trading above key moving averages, although investor participation has declined. It maintains a high dividend yield and a significant market capitalization.
Hindustan Petroleum Corporation Ltd. (HINDPETRO) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 37,815 contracts, up from the previous figure of 32,555, marking a change of 5,260 contracts or a 16.16% increase. The trading volume for the day reached 58,608 contracts, indicating robust market engagement.

In terms of performance, Hindustan Petroleum has outperformed its sector by 5.08%, with the stock gaining 7.74% over the last two days. Today, it reached an intraday high of Rs 414, reflecting a 7.52% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 14.87% compared to the 5-day average. The stock boasts a high dividend yield of 4.29% at the current price, and its market capitalization is approximately Rs 86,687.49 crore, categorizing it as a large-cap stock. Overall, the notable rise in open interest and strong performance metrics highlight the current dynamics surrounding Hindustan Petroleum Corporation Ltd.
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