National Aluminium Company Sees 12.03% Surge in Open Interest to 43,755 Contracts
National Aluminium Company Ltd has seen a notable rise in open interest, indicating increased activity in the derivatives market, with a total of 43,755 contracts. Despite a recent decline in stock price, it remains above several key moving averages, while delivery volume has decreased, suggesting reduced investor participation.
National Aluminium Company Ltd (NATIONALUM) has experienced a significant increase in open interest today, reflecting notable activity in the derivatives market. The latest open interest stands at 43,755 contracts, up from the previous open interest of 39,056, marking a change of 4,699 contracts or a 12.03% increase. The trading volume for the day reached 36,197 contracts, contributing to a total futures value of approximately Rs 130,098.92 lakhs.In terms of price performance, the stock has seen a decline of 1.39% over the past two days, with today's intraday low recorded at Rs 233.31, representing a 2% drop. 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's delivery volume has decreased by 22.8% compared to its 5-day average, indicating a reduction in investor participation. With a market capitalization of Rs 43,058 crore, National Aluminium Company operates within the non-ferrous metals industry and offers a high dividend yield of 4.41%. Overall, the increase in open interest suggests heightened trading activity, while the stock's recent performance reflects broader market trends.
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