Surge in Open Interest Signals Increased Trading Activity for National Aluminium Company

Mar 25 2025 03:00 PM IST
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National Aluminium Company Ltd has seen a notable rise in open interest, reaching 35,326 contracts, alongside a trading volume of 37,223 contracts. Despite this increased trading activity, the stock has underperformed its sector and is currently trading below key moving averages, indicating a bearish trend.
National Aluminium Company Ltd (NATIONALUM) has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 35,326 contracts, up from the previous figure of 31,950, marking a change of 3,376 contracts or a 10.57% increase. The trading volume for the day reached 37,223 contracts, indicating robust engagement in the market.

In terms of price performance, National Aluminium Company has underperformed its sector by 1.7%, with the stock touching an intraday low of Rs 180.1, representing a decline of 3.71%. The weighted average price suggests that more volume was traded closer to this low price point. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite the challenges in price performance, the company maintains a high dividend yield of 5.35% at the current price. The liquidity remains adequate, with a trading capacity of Rs 6.51 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 National Aluminium Company, amidst a backdrop of declining stock performance.
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