Hindustan Zinc Sees Significant Open Interest Surge Amid Increased Trading Activity

Apr 01 2025 02:00 PM IST
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Hindustan Zinc Ltd has seen a notable rise in open interest, reaching 2,391 contracts, alongside a trading volume of 1,508 contracts. Despite a slight decline in stock price, the company maintains a strong market capitalization and a high dividend yield, indicating robust investor interest and engagement.
Hindustan Zinc 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 2,391 contracts, reflecting a rise of 404 contracts or 20.33% from the previous open interest of 1,987. This uptick in open interest comes alongside a trading volume of 1,508 contracts, indicating heightened activity in the stock.

In terms of price performance, Hindustan Zinc's stock has shown a slight decline of 1.23% today, contrasting with a sector return of 1.05% and a Sensex return of -1.33%. The stock's current price is positioned above its 5-day, 20-day, and 50-day moving averages, yet remains below the 100-day and 200-day moving averages, suggesting mixed momentum in the short to medium term.

Additionally, the stock boasts a high dividend yield of 6.3%, making it an attractive option for income-focused investors. With a market capitalization of Rs 1,96,266 crore, Hindustan Zinc continues to maintain a solid presence in the large-cap segment of the market. Overall, the notable increase in open interest highlights a shift in trading dynamics for Hindustan Zinc, reflecting the evolving landscape of investor engagement.
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