On 19 November 2025, the open interest (OI) for Hindustan Petroleum Corporation Ltd. futures and options contracts recorded a value of 36,244, up from the previous 32,185, reflecting a 12.61% change. This surge in OI is accompanied by a volume of 17,927 contracts, indicating active trading interest. The futures segment alone accounted for a notional value of approximately ₹1,00,622.57 lakhs, while the options segment represented a substantially larger notional value of ₹7,501.59 crores, culminating in a combined derivatives market value exceeding ₹1,01,270.29 lakhs.
The underlying equity price stood at ₹479, positioning the stock just 3.32% shy of its 52-week high of ₹494.45. Despite this proximity to the peak, the stock underperformed its sector by 1.1% on the day, registering a modest 0.26% return compared to the sector’s 1.27% and the Sensex’s 0.65% gains. This divergence suggests selective investor interest and nuanced market sentiment towards Hindustan Petroleum Corporation within the broader oil sector.
Technical indicators reveal that the stock price remains above its 20-day, 50-day, 100-day, and 200-day moving averages, signalling a generally positive medium- to long-term trend. However, it trades below the 5-day moving average, hinting at short-term consolidation or minor correction phases. Notably, the delivery volume on 19 November surged to 27.16 lakh shares, marking a 70.03% rise compared to the five-day average delivery volume. This spike in delivery volume underscores rising investor participation and potential accumulation at current price levels.
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The increase in open interest alongside rising volumes typically indicates fresh positions being established rather than existing ones being squared off. In the context of Hindustan Petroleum Corporation, this pattern may reflect directional bets by market participants anticipating further price movement. Given the stock’s proximity to its yearly high, traders could be positioning for a potential breakout or preparing for volatility ahead.
Liquidity metrics further support active trading conditions. The stock’s liquidity, based on 2% of its five-day average traded value, allows for trade sizes up to ₹2.89 crore without significant market impact. This level of liquidity is conducive for institutional and retail investors alike to execute sizeable trades efficiently.
Dividend yield remains attractive at 3.25%, providing an additional incentive for investors seeking income alongside capital appreciation. The company’s market capitalisation stands at ₹1,01,795.03 crore, categorising it as a mid-cap entity within the oil sector, which continues to attract investor focus amid fluctuating crude oil prices and evolving energy demand dynamics.
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Examining the derivatives market positioning, the substantial notional value in options contracts relative to futures suggests a preference for hedging or speculative strategies that leverage volatility. Options provide traders with asymmetric risk profiles, which may be particularly appealing given the stock’s recent price behaviour and sectoral headwinds.
Market participants should also consider the broader oil sector context. While Hindustan Petroleum Corporation’s stock price has shown resilience, the sector’s 1.27% gain on the day indicates a generally positive environment. However, the stock’s slight underperformance relative to peers may reflect company-specific factors or profit-booking by short-term traders.
In summary, the surge in open interest and volume in Hindustan Petroleum Corporation’s derivatives points to increased market engagement and evolving positioning. The stock’s technical setup, combined with rising delivery volumes and attractive dividend yield, presents a nuanced picture for investors. While the proximity to the 52-week high suggests limited upside in the immediate term, the active derivatives market signals anticipation of potential price movements, warranting close monitoring.
Investors and traders should weigh these factors alongside macroeconomic indicators, crude oil price trends, and sectoral developments to formulate informed decisions regarding Hindustan Petroleum Corporation’s stock.
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