Surge in Open Interest Signals Increased Market Activity for Hindustan Zinc Ltd

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 15,289 contracts, reflecting a rise of 1,434 contracts or 10.35% from the previous open interest of 13,855. This surge in open interest comes alongside a trading volume of 12,645 contracts, indicating active market participation.
In terms of price performance, Hindustan Zinc's stock has shown resilience, trading inline with its sector despite a slight decline of 0.89% today. The stock reached an intraday low of Rs 452.05, marking a decrease of 3.56%. The weighted average price suggests that more volume was traded closer to this low price point. Additionally, the stock's moving averages indicate it is performing higher than the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average.

With a market capitalization of Rs 1,96,308.32 crore, Hindustan Zinc continues to maintain a high dividend yield of 4.05%. The liquidity of the stock remains robust, supporting a trade size of Rs 3.74 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for Hindustan Zinc, reflecting the ongoing activity in this large-cap stock.