NMDC Sees Significant Open Interest Surge Amid Mixed Market Trends

NMDC Ltd, a prominent player in the Minerals & Mining industry, has experienced a significant increase in open interest today. The latest open interest stands at 33,902 contracts, reflecting a rise of 3,592 contracts or 11.85% from the previous open interest of 30,310. This uptick comes alongside a trading volume of 20,148 contracts, indicating active market participation.
In terms of price performance, NMDC's stock has underperformed its sector by 2.26%, with an intraday low of Rs 67.57, marking a decline of 3.47%. The weighted average price suggests that more volume was traded closer to this low price point. While the stock is currently above its 100-day moving average, it remains below the 5-day, 20-day, 50-day, and 200-day moving averages, indicating mixed short-term trends.

Investor participation appears to be declining, with delivery volume falling by 37.85% compared to the 5-day average. Despite these fluctuations, NMDC maintains a high dividend yield of 4% at the current price, and its market capitalization is approximately Rs 59,722.82 crore, categorizing it as a large-cap stock. Overall, the notable increase in open interest highlights a shift in market dynamics for NMDC, warranting attention from market observers.