National Aluminium Company Ltd Sees 10.76% Surge in Open Interest Amid Trading Activity
National Aluminium Company Ltd has seen a notable rise in open interest, reaching 42,526, alongside a trading volume of 24,653. Despite this, the stock has underperformed its sector and experienced a decline over the past week, with decreased delivery volume indicating reduced investor participation.
National Aluminium Company Ltd, a key player in the Non-Ferrous Metals industry, has experienced a significant increase in open interest today. The latest open interest stands at 42,526, reflecting a rise of 4,130 from the previous open interest of 38,396, marking a percentage change of 10.76%. The trading volume for the stock reached 24,653, contributing to a total futures value of approximately Rs 79,416.69 lakhs and an options value of Rs 11,125,276,462, bringing the total to Rs 80,627.77 lakhs.In terms of price performance, National Aluminium Company has underperformed its sector by 0.69%, continuing a downward trend with a 5.85% decline over the past six days. The stock hit an intraday low of Rs 200.25, down 2.61%. While the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages. Additionally, delivery volume has decreased by 20.47% compared to the 5-day average, indicating a decline in investor participation. The stock offers a high dividend yield of 5.11% at its current price.
Overall, the notable increase in open interest amidst a challenging trading environment highlights the evolving dynamics surrounding National Aluminium Company Ltd.
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