Hindustan Petroleum Sees Surge in Open Interest Amid Increased Trading Activity

Apr 24 2025 12:00 PM IST
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Hindustan Petroleum Corporation Ltd. has seen a notable rise in open interest, reaching 44,529 contracts, indicating increased trading activity. The stock has slightly increased in price, despite recent declines, and is trading above several moving averages. The company maintains a strong market position with a significant dividend yield.
Hindustan Petroleum Corporation Ltd. (HINDPETRO) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 44,529 contracts, marking an increase of 4,871 contracts or 12.28% from the previous open interest of 39,658. The trading volume for the day reached 12,880 contracts, contributing to a total futures value of approximately Rs 66,969.53 lakhs.

In terms of price performance, Hindustan Petroleum's stock has shown a slight uptick of 0.17% today, which is in contrast to the sector's decline of 0.21% and the broader Sensex's drop of 0.26%. Despite this minor gain, the stock has faced a consecutive decline over the past two days, with a total return of -2.56% during this period.

The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below its 5-day moving average. Additionally, the stock boasts a high dividend yield of 4.24% at the current price, indicating a solid return for shareholders. With a market capitalization of Rs 82,868.05 crore, Hindustan Petroleum continues to maintain a strong position within the oil exploration and refinery industry. Overall, the notable increase in open interest highlights a dynamic trading environment for Hindustan Petroleum.
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