National Aluminium Company Sees 11.35% Surge in Open Interest to 41,704 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 41,704 contracts, up from the previous 37,452, marking a change of 4,252 contracts or an 11.35% increase. The trading volume for the day reached 77,097 contracts, indicating robust participation in the market.
In terms of price performance, National Aluminium has outperformed its sector by 0.63%, with the stock gaining 5.7% over the last four days. Today, it opened with a gain of 2.51% and reached an intraday high of Rs 240.2, reflecting a rise of 5.22%. 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 overall has seen a gain of 3.68%, 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.