NMDC Sees Significant Surge in Open Interest Amidst Mixed Market Trends

Jul 01 2025 03:00 PM IST
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NMDC Ltd has seen a notable rise in open interest, reaching 34,223 contracts, alongside a trading volume of 21,217 contracts, indicating increased activity in the derivatives market. Despite underperforming its sector, the company maintains a high dividend yield and robust liquidity, suggesting evolving market dynamics.
NMDC Ltd, a prominent player in the Minerals & Mining industry, has experienced a significant increase in open interest (OI) today. The latest OI stands at 34,223 contracts, reflecting a rise of 3,913 contracts or 12.91% from the previous OI of 30,310. This uptick in OI comes alongside a trading volume of 21,217 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, NMDC's stock has underperformed its sector by 2.11%, 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 remains above its 100-day moving average, it is currently below the 5-day, 20-day, 50-day, and 200-day moving averages, indicating mixed short-term trends.

Additionally, NMDC boasts a high dividend yield of 4% at the current price, and its liquidity remains robust, accommodating trade sizes of Rs 2.77 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for NMDC, reflecting changing investor sentiment and trading behavior.
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