Hindustan Petroleum Corporation Ltd. (HINDPETRO) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 47,273 contracts, marking a notable rise of 9,530 contracts or 25.25% from the previous open interest of 37,743. The trading volume for the day reached 58,069 contracts, indicating robust participation in the market.
In terms of price performance, Hindustan Petroleum is currently trading close to its 52-week high, just 4.22% away from Rs 455.2. The stock has shown resilience, gaining 3.21% today, outperforming its sector, which saw a modest return of 0.39%. After two consecutive days of decline, the stock has reversed its trend, reaching an intraday high of Rs 442.5, a 4.8% increase.
Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. The delivery volume has also seen a rise, with a total of 33.86 lakh shares delivered on September 26, up 34.65% compared to the 5-day average. With a market capitalization of Rs 91,816 crore, Hindustan Petroleum continues to demonstrate liquidity and active trading conditions. Overall, the increase in open interest and positive price movement highlights a dynamic trading environment for Hindustan Petroleum.