NMDC Ltd Sees 13.74% Surge in Open Interest, Reaching 43,483 Contracts
NMDC Ltd has seen a notable rise in open interest, reaching 43,483 contracts, alongside a trading volume of 21,218 contracts, indicating increased market activity. The stock has gained slightly today and remains above several moving averages, despite a recent decline in delivery volume. The company maintains a strong market presence with a high dividend yield.
NMDC Ltd, a prominent player in the Minerals & Mining industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 43,483 contracts, up from the previous figure of 38,231, marking a change of 5,252 contracts or a 13.74% increase. This surge coincides with a trading volume of 21,218 contracts, indicating robust market engagement.In terms of price performance, NMDC's stock has shown a slight gain of 0.51% today, aligning closely with the sector's return of 0.54% and outperforming the Sensex, which returned 0.24%. The stock's current price is positioned above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average, suggesting a potential trend reversal after three consecutive days of decline.
Despite a recent drop in delivery volume, which fell by 10.97% against the 5-day average, NMDC maintains a high dividend yield of 4.4%. With a market capitalization of Rs 66,263.93 crore, the stock remains liquid enough for trades sized at Rs 4.07 crore, reflecting its stable position in the market. Overall, the notable increase in open interest highlights a dynamic trading environment for NMDC Ltd.
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