Hindustan Zinc Sees Significant Open Interest Surge Amid Increased Trading Activity

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 26,533 contracts, reflecting a rise of 3,061 contracts or 13.04% from the previous open interest of 23,472. This uptick in open interest coincides with a trading volume of 53,210 contracts, indicating heightened activity in the stock.
In terms of price performance, Hindustan Zinc has outperformed its sector by 0.66%, marking a consecutive gain over the last three days with a total return of 11.75% during this period. The stock reached an intraday high of Rs 532.7, representing a 6.06% increase. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The metal sector overall has gained 3.86%, while Hindustan Zinc's delivery volume surged to 49.55 lakh shares, up 139.69% compared to the 5-day average. With a market capitalization of Rs 2,21,427.84 crore, the stock also boasts a high dividend yield of 3.78%. Overall, the notable rise in open interest and robust trading metrics highlight the stock's active market presence today.