National Aluminium Company Ltd Sees 10.38% Rise in Open Interest to 33,479 Contracts

National Aluminium Company Ltd (NATIONALUM) has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 33,479 contracts, up from the previous 30,331, marking a change of 3,148 contracts or a 10.38% increase. The trading volume for the day reached 48,123 contracts, indicating robust participation in the market.
In terms of price performance, National Aluminium has outperformed its sector by 0.95%, with the stock gaining 10.68% over the last four days. Today, it reached an intraday high of Rs 224.6, reflecting a 4.71% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Despite a decline in delivery volume, which fell by 26.36% compared to the 5-day average, the stock maintains a high dividend yield of 4.9%. With a market capitalization of Rs 39,653 crore, National Aluminium continues to be a significant player in the non-ferrous metals industry. Overall, the increase in open interest and positive price movements highlight the stock's current market dynamics.