Hindustan Zinc Sees Significant Open Interest Surge Amid Active Market Participation

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 29,599 contracts, reflecting a rise of 3,279 contracts or 12.46% from the previous open interest of 26,320. This uptick in open interest coincides with a trading volume of 43,110 contracts, indicating active market participation.
In terms of price performance, Hindustan Zinc has shown resilience, gaining 2.45% today, while the broader sector has increased by 1.95%. The stock has been on an upward trajectory, achieving consecutive gains over the past four days, with a total return of 14.44% during this period. The stock 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 market position. The company boasts a market capitalization of Rs 2,27,258.78 crore and offers a high dividend yield of 3.62%. Overall, the notable increase in open interest and robust trading metrics highlight the stock's active engagement in the market.