Hindustan Zinc Sees Significant Surge in Open Interest Amid Active Market Participation

Hindustan Zinc Ltd, a prominent player in the Non-Ferrous Metals industry, has experienced a notable increase in open interest today. The latest open interest stands at 15,314 contracts, reflecting a rise of 1,459 contracts or 10.53% from the previous open interest of 13,855. This surge in open interest comes alongside a trading volume of 11,327 contracts, indicating active participation in the market.
In terms of price performance, Hindustan Zinc's stock has underperformed its sector by 0.51%, with an intraday low of Rs 452.05, marking a decline of 3.56%. The weighted average price suggests that more volume was traded closer to this low price. While the stock is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average, indicating mixed trends in its short to long-term performance.

Additionally, the stock boasts a high dividend yield of 4.05% at the current price, and liquidity remains robust, with a trading capacity sufficient for a trade size of Rs 3.74 crore. Overall, the increase in open interest highlights a significant shift in market dynamics for Hindustan Zinc, reflecting heightened activity among traders.