Hindustan Zinc Sees Significant Open Interest Surge Amid Active Market Participation

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 3,094 contracts, reflecting a rise of 380 contracts or 14.0% from the previous open interest of 2,714. This uptick in open interest comes alongside a trading volume of 1,608 contracts, indicating active participation in the market.
In terms of price performance, Hindustan Zinc's stock has shown resilience, with a 1.38% increase today, aligning closely with the sector's 1.49% gain and outperforming the broader Sensex, which rose by 0.62%. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite a decline in delivery volume, which has fallen by 31% compared to the 5-day average, Hindustan Zinc maintains a high dividend yield of 6.39%. The stock's liquidity remains robust, with a trade size capacity of Rs 2.28 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for Hindustan Zinc, reflecting ongoing market activity.