National Aluminium Company Sees Increased Trading Activity Amidst Market Challenges

National Aluminium Company Ltd, a prominent player in the Aluminium & Aluminium Products industry, has seen significant trading activity today, with a total traded volume of 19,883,435 shares and a total traded value of approximately Rs 36,842.02 lakhs. The stock opened at Rs 190.25 but has since experienced a decline, reaching a last traded price of Rs 182.85, which marks a decrease of 4.16% for the day.
The stock's performance has underperformed compared to its sector, which saw a decline of 2.46%. National Aluminium Company touched an intraday low of Rs 182.62, reflecting a drop of 4.17%. Notably, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite the downturn, there has been a notable increase in investor participation, with a delivery volume of 57.03 lakhs on March 20, rising by 85.91% against the 5-day average delivery volume. The company maintains a high dividend yield of 5.25% at the current price, and its market capitalization stands at Rs 33,544.24 crore, categorizing it as a large-cap stock. Overall, National Aluminium Company Ltd is experiencing a challenging trading day amidst fluctuating market conditions.