NMDC Ltd Sees Significant Open Interest Surge Amid Active Market Participation
NMDC Ltd has seen a notable rise in open interest, reaching 33,641 contracts, alongside a trading volume of 19,248 contracts, indicating heightened market activity. Despite a decline in stock price, the company maintains a strong dividend yield of 4% and robust liquidity for trading.
NMDC Ltd, a prominent player in the Minerals & Mining sector, has experienced a significant increase in open interest today. The latest open interest stands at 33,641 contracts, reflecting a rise of 3,331 contracts or 10.99% from the previous open interest of 30,310. This uptick in open interest comes alongside a trading volume of 19,248 contracts, indicating active participation in the market.In terms of price performance, NMDC's stock has underperformed its sector, declining by 2.67% today, compared to a sector decline of 0.60%. The stock reached an intraday low of Rs 67.57, marking a decrease of 3.47%. The weighted average price suggests that more volume was traded closer to this low price, highlighting a potential shift in trading dynamics.
Despite the recent price movements, NMDC maintains a high dividend yield of 4% at the current price level. The stock's liquidity remains robust, with a trading capacity sufficient for a trade size of Rs 2.77 crore, based on 2% of the five-day average traded value. Overall, the notable increase in open interest reflects a shift in market sentiment, warranting attention from market participants.
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