National Aluminium Company Sees 10.57% Surge in Open Interest to 41,412 Contracts

National Aluminium Company Ltd (NATIONALUM) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 41,412 contracts, up from the previous 37,452 contracts, marking a change of 3,960 contracts or a 10.57% increase. The trading volume for the day reached 70,573 contracts, indicating robust market engagement.
In terms of price performance, National Aluminium has outperformed its sector by 0.74%, with the stock gaining 5.45% over the past four days. Today, it opened with a gain of 2.51%, reaching an intraday high of Rs 240.2, which represents a 5.22% 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.

The aluminium sector as a whole has seen a gain of 3.29%, while National Aluminium boasts a high dividend yield of 4.61% at the current price. With a market capitalization of Rs 43,592 crore, the company remains a notable player in the non-ferrous metals industry. Overall, the increase in open interest and positive price movements highlight the stock's active trading environment today.