Hindustan Zinc Sees Significant Open Interest Surge Amid Increased Derivatives Activity

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 10,837 contracts, reflecting a rise of 1,184 contracts or 12.27% from the previous open interest of 9,653. This uptick in open interest coincides with a trading volume of 5,907 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Hindustan Zinc's stock has shown a slight decline, with a 1D return of -1.99%, aligning closely with the sector's performance, which recorded a -1.65% return. The stock reached an intraday low of Rs 453.75, marking a decrease of 2.37%. Despite this dip, the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is trading below its 200-day moving average.

Additionally, the stock boasts a high dividend yield of 4.09% at the current price, and liquidity remains robust, supporting trade sizes of up to Rs 2.05 crore. Overall, the notable increase in open interest for Hindustan Zinc highlights a shift in market dynamics, reflecting the ongoing engagement of market participants.