Hindustan Zinc Reports 10.43% Surge in Open Interest to 76,342 Contracts

Hindustan Zinc Ltd, a prominent player in the Non-Ferrous Metals industry, has experienced a notable increase in open interest today. The latest open interest stands at 76,342 contracts, reflecting a rise of 7,208 contracts or 10.43% from the previous open interest of 69,134. This surge in open interest is accompanied by a trading volume of 64,919 contracts, indicating active participation in the market.
In terms of financial metrics, Hindustan Zinc's future value is reported at Rs 115,258.20 lakhs, while the options value is significantly higher at Rs 27,761.04 crores, bringing the total value to Rs 119,600.58 lakhs. The underlying value of the stock is noted at Rs 471.

On the price performance front, Hindustan Zinc's stock has shown resilience, with a 1-day return of 0.50%, outperforming the sector's return of 0.26% and contrasting with the Sensex's decline of 0.30%. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day and 20-day moving averages. However, there has been a decline in investor participation, with delivery volume dropping by 47.98% compared to the 5-day average.

In summary, the increase in open interest for Hindustan Zinc highlights a significant shift in market dynamics, reflecting the stock's current trading activity and liquidity within the context of its overall performance metrics.