Hindustan Zinc Sees Significant Open Interest Surge Amid Increased Trading 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 30,050 contracts, reflecting a rise of 3,730 contracts or 14.17% from the previous open interest of 26,320. This surge in open interest comes alongside a trading volume of 52,463 contracts, indicating heightened activity in the stock.
In terms of price performance, Hindustan Zinc has outperformed its sector by 0.36%, with the stock gaining 2.20% on the day. Over the past four days, it has recorded a total return of 14.71%. The stock reached an intraday high of Rs 546.8, marking a 4.15% increase. Notably, Hindustan Zinc is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock boasts a high dividend yield of 3.62% at the current price, and its liquidity remains robust, with a trading capacity sufficient for a trade size of Rs 10.24 crore. Overall, the notable increase in open interest and positive price movements highlight the stock's current market dynamics.