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

Mar 21 2025 02:00 PM IST
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National Aluminium Company Ltd has seen a notable rise in open interest, reaching 34,711 contracts, alongside a trading volume of 32,323 contracts, indicating increased market activity. Despite recent stock underperformance and a bearish trend, the company maintains a high dividend yield of 5.25%.
National Aluminium Company Ltd (NATIONALUM) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 34,711 contracts, up from the previous 29,197, marking a change of 5,514 contracts or an 18.89% increase. The trading volume for the day reached 32,323 contracts, indicating robust participation in the market.

In terms of price performance, National Aluminium Company has underperformed its sector by 2.46%, with the stock touching an intraday low of Rs 182.62, down 4.17%. The weighted average price suggests that more volume was traded closer to this low price point. Currently, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term.

Despite the challenges, the stock boasts a high dividend yield of 5.25% at the current price, and liquidity remains adequate for trades of Rs 3.46 crore, based on 2% of the 5-day average traded value. Overall, the notable rise in open interest highlights a shift in market dynamics for National Aluminium Company, amidst a backdrop of fluctuating stock performance.
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