Surge in Open Interest for National Aluminium Signals Increased Derivatives Market Activity

Apr 22 2025 02:00 PM IST
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National Aluminium Company Ltd has seen a notable rise in open interest, indicating increased activity in the derivatives market, with current open interest at 39,857 contracts. The stock has gained slightly today and maintains a high dividend yield, reflecting its attractiveness to income-focused investors.
National Aluminium Company Ltd (NATIONALUM) has experienced a significant increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 39,857 contracts, up from the previous 36,208, marking a change of 3,649 contracts or a 10.08% increase. The trading volume for the day reached 32,504 contracts, indicating robust participation in the market.

In terms of price performance, National Aluminium has shown a slight gain of 0.13% today, aligning closely with the sector's overall performance, which recorded a 0.11% increase. The stock has been on a gaining streak for one consecutive day, although it has seen a marginal decline of 0.06% over this period.

The stock's current price is supported by a high dividend yield of 6.2%, making it an attractive option for income-focused investors. Additionally, the liquidity remains favorable, with a trading capacity sufficient for a transaction size of Rs 5.04 crore, based on 2% of the five-day average traded value.

In summary, the notable rise in open interest for National Aluminium Company Ltd highlights increased trading activity, while the stock maintains a stable position within the aluminium industry.
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