Hindustan Zinc Sees Significant Open Interest Surge Amid Increased Market 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 30,036 contracts, reflecting a rise of 3,716 contracts or 14.12% from the previous open interest of 26,320. This uptick in open interest coincides with a trading volume of 48,001 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Hindustan Zinc has shown resilience, gaining 2.33% on the day, while the stock has recorded a total increase of 14.63% over the past four days. The stock reached an intraday high of Rs 546.8, marking a 4.15% increase. Notably, Hindustan Zinc is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward 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 and consistent performance metrics highlight Hindustan Zinc's active market presence.