Hindustan Zinc Sees 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 significant 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 uptick in open interest comes alongside a trading volume of 64,919 contracts, indicating active market participation.
In terms of financial metrics, Hindustan Zinc's performance today has outpaced its sector by 0.38%, with a 1-day return of 0.44%. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, although it remains below its 5-day and 20-day moving averages. Notably, there has been a decline in investor participation, with delivery volume on October 30 dropping by 47.98% compared to the 5-day average.

The stock's liquidity remains robust, with a trading capacity sufficient for a trade size of Rs 4.96 crore, based on 2% of the 5-day average traded value. Hindustan Zinc's market capitalization is reported at Rs 2,01,822 crore, solidifying its position as a large-cap entity in the market. Overall, the notable increase in open interest highlights a dynamic trading environment for Hindustan Zinc.