Hindustan Zinc Sees Significant Open Interest Surge Amid Active Trading Conditions

Hindustan Zinc Ltd, a prominent player in the Metal - Non Ferrous industry, has experienced a significant increase in open interest today. The latest open interest stands at 6,786 contracts, reflecting a rise of 784 contracts or 13.06% from the previous open interest of 6,002. The trading volume for the day reached 5,029 contracts, contributing to a total futures value of approximately Rs 10,766.88 lakhs and an options value of around Rs 1,806.94 crores.
In terms of price performance, Hindustan Zinc has outperformed its sector by 0.29%, despite a recent trend reversal following two consecutive days of gains. The stock touched an intraday low of Rs 439, marking a decline of 4.43%. The weighted average price indicates that more volume was traded closer to this low price. Currently, the stock is trading above its 5-day, 20-day, and 50-day moving averages, but below its 100-day and 200-day moving averages.

Notably, the Metal - Non Ferrous sector has seen a decline of 2.92% today. Hindustan Zinc also boasts a high dividend yield of 6.31% at the current price, with liquidity sufficient for trades up to Rs 1.94 crores based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Hindustan Zinc, reflecting active trading conditions.