National Aluminium Company Ltd Sees 11.6% Surge in Open Interest to 33,848 Contracts

National Aluminium Company Ltd (NATIONALUM) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 33,848 contracts, up from the previous 30,331, marking a change of 3,517 contracts or an 11.6% increase. This surge in open interest coincides with a trading volume of 52,006 contracts, indicating robust market engagement.
In terms of price performance, National Aluminium has outperformed its sector by 0.89% today, with the stock achieving a 1D return of 3.23%. Over the past four days, it has shown a notable upward trend, gaining 10.18% in returns. The stock reached an intraday high of Rs 224.6, reflecting a 4.71% increase during the trading session.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 26.36% compared to the five-day average. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. With a market capitalization of Rs 39,653 crore, National Aluminium continues to maintain a high dividend yield of 4.9%. Overall, the increase in open interest and the stock's performance metrics highlight a dynamic trading environment for National Aluminium Company.