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

Mar 28 2025 03:00 PM IST
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Hindalco Industries Ltd has seen a significant rise in open interest, reaching 37,022 contracts, alongside a trading volume of 29,356 contracts, indicating increased activity in the derivatives market. The stock remains resilient, trading above key moving averages despite a slight intraday decline, with a market capitalization of Rs 1,53,677 crore.
Hindalco Industries Ltd, a prominent player in the Aluminium & Aluminium Products sector, has experienced a notable increase in open interest today. The latest open interest stands at 37,022 contracts, reflecting a rise of 3,709 contracts or 11.13% from the previous open interest of 33,313. This surge in open interest comes alongside a trading volume of 29,356 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, Hindalco's stock has shown resilience, trading inline with its sector. The stock reached an intraday low of Rs 679.3, marking a decline of 2.03%. Despite this dip, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average. The delivery volume has also seen a positive trend, with a delivery volume of 32.5 lakh shares on March 27, which is up by 14.53% compared to the 5-day average.

With a market capitalization of Rs 1,53,677 crore, Hindalco continues to maintain a liquid trading environment, suitable for transactions of approximately Rs 7.15 crore. The increase in open interest and trading volume highlights the stock's active engagement in the market, reflecting ongoing developments within the company and the sector.
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