Bharat Dynamics Sees Surge in Open Interest Amidst Active Market Participation

Bharat Dynamics Ltd (BDL), a prominent player in the Aerospace & Defense sector, has experienced a significant increase in open interest today. The latest open interest stands at 25,387 contracts, reflecting a rise of 2,718 contracts or 11.99% from the previous open interest of 22,669. This uptick in open interest comes alongside a trading volume of 21,693 contracts, indicating active participation in the market.
In terms of price performance, Bharat Dynamics has underperformed its sector by 2.94%, with the stock falling after two consecutive days of gains. The stock reached an intraday low of Rs 1,913.2, marking a decline of 3.63%. The weighted average price suggests that more volume was traded closer to this low price point. Notably, while the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average.

Additionally, delivery volume has seen a notable increase, rising by 24.63% against the 5-day average, with a total delivery volume of 734,000 shares on July 9. The liquidity of the stock remains robust, accommodating trade sizes of Rs 9.52 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a dynamic trading environment for Bharat Dynamics Ltd amidst its recent price fluctuations.