Hindustan Zinc Sees Surge in Open Interest Amid Increased Market Activity
Hindustan Zinc Ltd has seen a notable rise in open interest, reaching 15,353 contracts, alongside a trading volume of 13,996 contracts. Despite a slight decline in stock price, it remains resilient within its sector, with strong liquidity and a high dividend yield of 4.05%.
Hindustan Zinc Ltd, a prominent player in the Non-Ferrous Metals industry, has experienced a significant increase in open interest today. The latest open interest stands at 15,353 contracts, reflecting a rise of 1,498 contracts or 10.81% from the previous open interest of 13,855. This uptick coincides with a trading volume of 13,996 contracts, indicating heightened activity in the market.In terms of price performance, Hindustan Zinc's stock has shown resilience, trading inline with its sector despite a slight decline of 0.63% on the day. The stock reached an intraday low of Rs 452.05, representing a decrease of 3.56%. Notably, the weighted average price suggests that more volume was traded closer to this low price point.
The stock's moving averages indicate a mixed performance, being higher than the 5-day, 20-day, 50-day, and 100-day averages, yet lower than the 200-day average. Additionally, the stock boasts a high dividend yield of 4.05% at the current price, and its liquidity remains robust, accommodating trades of up to Rs 3.74 crore based on recent trading activity.
In summary, the notable increase in open interest for Hindustan Zinc Ltd highlights a shift in market dynamics, while the stock's performance metrics reflect its current standing within the industry.
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