NMDC Ltd Sees Significant Rise in Open Interest Amid Active Derivatives Trading

NMDC Ltd, a prominent player in the Minerals & Mining sector, has experienced a notable increase in open interest today. The latest open interest stands at 33,603 contracts, reflecting a rise of 3,293 contracts or 10.86% from the previous open interest of 30,310. This uptick in open interest comes alongside a trading volume of 16,380 contracts, indicating active participation in the derivatives market.
In terms of price performance, NMDC's stock has underperformed its sector by 2.14%, 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. 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 momentum.

Additionally, the stock has a high dividend yield of 4% at the current price, and liquidity remains sufficient for trades sized at Rs 2.77 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for NMDC Ltd, reflecting changing investor sentiment and trading activity.