National Aluminium Sees Surge in Open Interest Amid Increased Trading Activity
National Aluminium Company Ltd has seen a notable rise in open interest, reaching 27,420 contracts, alongside a trading volume of 39,060 contracts. The stock has outperformed its sector and is currently trading above key moving averages, indicating strong market engagement and investor participation in the non-ferrous metals industry.
National Aluminium Company Ltd (NATIONALUM) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 27,420 contracts, up from the previous 24,219 contracts, marking a change of 3,201 contracts or a 13.22% increase. The trading volume for the day reached 39,060 contracts, indicating robust market engagement.In terms of price performance, National Aluminium has outperformed its sector by 3.74%, with a notable 1-day return of 4.38%. The stock has been on a positive trajectory, gaining for three consecutive days and accumulating an 8.52% return over this period. Today, it reached an intraday high of Rs 201.95, reflecting a 5.3% 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. Additionally, the delivery volume has increased by 39.98% compared to the 5-day average, indicating rising investor participation. With a market capitalization of Rs 35,447 crore, National Aluminium continues to demonstrate solid liquidity, making it a notable player in the non-ferrous metals industry. Overall, the increase in open interest and positive price movements highlight the stock's active market presence.
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