Hindustan Zinc Ltd Sees 10.43% Surge in Open Interest to 76,342 Contracts

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 76,342 contracts, reflecting a rise of 7,208 contracts or 10.43% from the previous open interest of 69,134. This uptick comes alongside a trading volume of 64,919 contracts, indicating active market participation.
In terms of financial metrics, Hindustan Zinc's future value is reported at approximately Rs 115,258.20 lakhs, while the options value is significantly higher at around Rs 27,761.04 crores, contributing to a total value of Rs 119,600.58 lakhs. The underlying value of the stock is noted at Rs 471.

On the price performance front, Hindustan Zinc's stock is currently trading inline with its sector, although it has shown a slight decline of 0.03% for the day. The stock is positioned higher than its 50-day, 100-day, and 200-day moving averages, yet it remains below its 5-day and 20-day moving averages. Notably, delivery volume has decreased by 47.98% compared to the 5-day average, indicating a decline in investor participation.

In summary, the notable increase in open interest for Hindustan Zinc highlights active trading dynamics, while the stock's performance metrics reflect a mixed market sentiment.