Hindustan Zinc Ltd Sees 11.45% Surge in Open Interest to 57,838

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 57,838 contracts, reflecting a rise of 5,941 contracts or 11.45% from the previous open interest of 51,897. This uptick in open interest coincides with a trading volume of 53,465 contracts, indicating heightened activity in the stock.
In terms of price performance, Hindustan Zinc has underperformed its sector by 0.43%, with the stock reaching an intraday low of Rs 445.6, marking a decline of 4.53%. The weighted average price suggests that more volume was traded closer to this low price. Notably, the stock is currently positioned above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.

The broader Non-Ferrous Metals sector has also seen a decline of 3.92%. Despite this, Hindustan Zinc has shown a notable increase in delivery volume, which rose by 104.72% against the 5-day average, indicating a rise in trading activity. Overall, the increase in open interest and delivery volume highlights a notable shift in market dynamics for Hindustan Zinc.