Surge in Open Interest for National Aluminium Signals Increased Market Activity Amid Challenges

National Aluminium Company Ltd (NATIONALUM) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 27,699 contracts, up from the previous 25,100 contracts, marking a change of 2,599 contracts or a 10.35% increase. The trading volume for the day reached 13,657 contracts, contributing to a total futures value of approximately Rs 27,483.65 lakhs.
In terms of performance, National Aluminium has outperformed its sector by 0.83%, despite facing a decline over the past four days, with a total return of -5.02% during this period. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Notably, the stock has a high dividend yield of 5.59% at the current price, and liquidity remains robust, with a trading capacity of Rs 6.38 crore based on 2% of the 5-day average traded value.

In summary, the notable rise in open interest for National Aluminium Company Ltd highlights increased market activity, while the stock's recent performance reflects ongoing challenges in the current trading environment.