National Aluminium Company Ltd Sees Surge in Call Options with 11,268 Contracts Traded

National Aluminium Company Ltd, a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks today. The company’s underlying stock, NATIONALUM, saw significant trading activity with 11,268 call contracts exchanged, resulting in a turnover of approximately Rs 1,446.92 lakhs. The options, set to expire on May 29, 2025, have a strike price of Rs 190, while the underlying value currently stands at Rs 185.14.
Today, NATIONALUM outperformed its sector by 2.85%, marking a consecutive gain over the last two days with a total return of 3.75%. The stock opened with a notable gap up of 4.54% and reached an intraday high of Rs 192, reflecting a 5.64% increase. Despite this positive performance, the stock's delivery volume has seen a decline of 44.86% compared to the five-day average, with a recent delivery volume of 30.92 lakhs.

In terms of moving averages, the stock is currently above the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average. With a market capitalization of Rs 34,133.80 crore, National Aluminium Company continues to demonstrate liquidity suitable for trades around Rs 1.97 crore, alongside a high dividend yield of 5.51%. Overall, the activity surrounding NATIONALUM reflects a dynamic trading environment within the large-cap segment of the market.