Hindustan Zinc Sees 15.01% Surge in Open Interest to 54,875 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 54,875 contracts, marking a rise of 7,160 contracts or 15.01% from the previous open interest of 47,715. This uptick coincides with a trading volume of 45,467 contracts, indicating heightened activity in the stock.
In terms of price performance, Hindustan Zinc has shown a decline of 3.37% today, aligning closely with the sector's performance, which has fallen by 3.31%. The stock reached an intraday low of Rs 488.7, reflecting a decrease of 4.6%. Despite this downturn, Hindustan Zinc is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term positive trend.

Additionally, the stock has seen a notable increase in delivery volume, with 51.47 lakh shares delivered on October 9, representing a 128.65% rise compared to the 5-day average. With a market capitalization of Rs 2,08,984 crore, Hindustan Zinc remains a liquid option for trading, with sufficient liquidity for a trade size of Rs 7.86 crore. Overall, the increase in open interest reflects a dynamic trading environment for Hindustan Zinc amidst current market fluctuations.