Hindalco Industries Sees Significant Surge in Open Interest Amid Increased Market Activity

Apr 24 2025 03:00 PM IST
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Hindalco Industries Ltd has seen a notable rise in open interest, reaching 66,821 contracts, alongside a trading volume of 27,139 contracts, indicating increased activity in the derivatives market. Despite a slight decline in stock performance, the delivery volume has significantly increased, reflecting heightened investor participation.
Hindalco Industries Ltd, a prominent player in the Aluminium & Aluminium Products sector, has experienced a significant increase in open interest today. The latest open interest stands at 66,821 contracts, reflecting a rise of 6,482 contracts or 10.74% from the previous open interest of 60,339. This uptick in open interest is accompanied by a trading volume of 27,139 contracts, indicating heightened activity in the derivatives market.

In terms of performance, Hindalco's stock has shown a slight decline of 0.08% today, aligning closely with sector trends, which saw a 0.14% drop. The stock has been gaining for the past day, although it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, while exceeding its 5-day moving average. Notably, the delivery volume reached 24.87 lakh shares on April 23, marking a 26.69% increase compared to the 5-day average delivery volume, suggesting rising investor participation.

With a market capitalization of Rs 1,41,271.90 crore, Hindalco continues to maintain a solid position in the market. The increase in open interest, coupled with the current trading metrics, underscores the stock's active engagement in the market today.
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