Hindustan Copper Sees Surge in Open Interest Amid Increased Market Activity

Hindustan Copper Ltd, a prominent player in the non-ferrous metal industry, has experienced a significant increase in open interest today. The latest open interest stands at 27,795 contracts, reflecting a notable rise of 8,106 contracts or 41.17% from the previous open interest of 19,689. The trading volume for the day reached 28,961 contracts, indicating robust activity in the market.
In terms of price performance, Hindustan Copper has underperformed its sector by 0.71%. The stock reached an intraday high of Rs 230, marking a 2.45% increase, while it also saw a low of Rs 218.31, representing a decline of 2.75%. The weighted average price suggests that more volume was traded closer to the lower end of the price range.

Despite the recent fluctuations, the stock remains above its 5-day, 20-day, and 50-day moving averages, although it is below the 100-day and 200-day moving averages. Additionally, the delivery volume has increased by 35.09% compared to the 5-day average, indicating rising participation in the stock. Overall, the increase in open interest alongside these performance metrics highlights a dynamic trading environment for Hindustan Copper.