Hindustan Zinc Sees Significant Open Interest Surge Amid Increased Trading Activity
Hindustan Zinc Ltd has seen a notable rise in open interest, reaching 29,489 contracts, alongside a trading volume of 54,187 contracts, indicating increased activity in the derivatives market. The stock has demonstrated strong performance, trading above key moving averages and maintaining robust liquidity.
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 29,489 contracts, reflecting a rise of 3,169 contracts or 12.04% from the previous open interest of 26,320. This uptick in open interest coincides with a trading volume of 54,187 contracts, indicating heightened activity in the derivatives market.In terms of price performance, Hindustan Zinc has shown resilience, gaining 1.70% today, which aligns with the sector's performance of 1.53%. The stock has been on an upward trajectory for the past four days, accumulating a total return of 13.99% during this period. It reached an intraday high of Rs 546.8, marking a 4.15% increase.
Hindustan Zinc is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend. The stock also boasts a high dividend yield of 3.62% at the current price, and its liquidity remains robust, with a trading capacity of Rs 10.24 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest reflects a dynamic trading environment for Hindustan Zinc, underscoring its active market position.
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