Surge in Open Interest for Hindustan Zinc Signals Shift in Market Dynamics

Apr 01 2025 03:00 PM IST
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Hindustan Zinc Ltd has seen a notable rise in open interest, reaching 2,445 contracts, alongside a trading volume of 1,674 contracts. Despite a slight decline in stock price, the company maintains a strong dividend yield of 6.3% and robust liquidity, indicating active market engagement.
Hindustan Zinc Ltd, a prominent player in the non-ferrous metal industry, has experienced a significant increase in open interest today. The latest open interest stands at 2,445 contracts, reflecting a rise of 458 contracts or 23.05% from the previous open interest of 1,987. This surge in open interest is accompanied by a trading volume of 1,674 contracts, indicating heightened activity in the stock.

In terms of price performance, Hindustan Zinc's stock has shown a 1D return of -1.45%, which contrasts with the sector's positive return of 0.97% and the Sensex's decline of 1.41%. The stock's current price is positioned above its 5-day, 20-day, and 50-day moving averages, yet remains below the 100-day and 200-day moving averages, suggesting mixed momentum in the short to medium term.

Additionally, the stock boasts a high dividend yield of 6.3% at its current price, and liquidity remains robust, with a trading capacity sufficient for transactions up to Rs 2.29 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest for Hindustan Zinc underscores a shift in market dynamics, reflecting the stock's evolving position within the non-ferrous metal sector.
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