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 in open interest comes alongside a trading volume of 64,919 contracts, indicating active market participation.
In terms of financial metrics, Hindustan Zinc's futures value is reported at approximately Rs 115,258.20 lakhs, while the options value is notably high at Rs 27,761.04 crores, contributing to a total value of Rs 119,600.58 lakhs. The underlying value of the stock is currently at Rs 471.

On the performance front, Hindustan Zinc's stock has shown a 1D return of 0.48%, which is in line with the sector's return of 0.20%, while the broader Sensex has declined by 0.33%. The stock is trading above its 50-day, 100-day, and 200-day moving averages, although it is 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 its current market positioning.