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

National Aluminium Company Ltd (NATIONALUM) has experienced a significant increase in open interest today, reflecting notable trading activity in the non-ferrous metals sector. The latest open interest stands at 43,755 contracts, marking a rise of 4,699 contracts or 12.03% from the previous open interest of 39,056. The trading volume for the day reached 36,197 contracts, contributing to a futures value of approximately Rs 130,098.92 lakhs.
In terms of price performance, National Aluminium has outperformed its sector by 0.5%, despite a recent decline, with the stock falling 1.23% over the last two days. The stock touched an intraday low of Rs 233.31, reflecting a 2% decrease. Notably, 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.

Investor participation appears to be waning, with delivery volume dropping by 22.8% compared to the 5-day average. The stock maintains a high dividend yield of 4.41% at its current price, and its market capitalization is approximately Rs 43,216 crore, categorizing it as a mid-cap stock. Overall, the increase in open interest indicates heightened trading activity, while the stock's recent performance reflects mixed trends in the market.