National Aluminium Company Ltd Sees 12.03% Surge in Open Interest Amid Trading Activity

National Aluminium Company Ltd, a prominent player in the Non-Ferrous Metals industry, has experienced a significant increase in open interest today. The latest open interest stands at 43,755 contracts, reflecting a rise of 4,699 contracts or 12.03% from the previous open interest of 39,056. This uptick in open interest comes alongside a trading volume of 36,197 contracts, indicating active market engagement.
In terms of price performance, National Aluminium has faced a slight decline, with the stock down 1.21% today, aligning closely with the sector's performance, which saw a 1.18% drop. The stock reached an intraday low of Rs 233.31, marking a 2% decrease. Despite this recent downturn, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average.

Additionally, the stock boasts a high dividend yield of 4.41% at the current price, and its liquidity remains robust, with a trading capacity of Rs 6.43 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for National Aluminium Company Ltd amidst its recent price fluctuations.