Bharat Dynamics Ltd Sees 12.63% Surge in Open Interest to 35,219 Contracts

Bharat Dynamics Ltd (BDL), a prominent player in the Aerospace & Defense sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 35,219 contracts, up from the previous figure of 31,270, marking a change of 3,949 contracts or a 12.63% increase. The trading volume for the day reached 27,191 contracts, indicating robust market engagement.
In terms of price performance, Bharat Dynamics opened with a gain of 2.98%, outperforming its sector by 1.88%. The stock reached an intraday high of Rs 1,569, reflecting a 3.58% increase during the trading session. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

Investor participation has also seen a rise, with a delivery volume of 372,000 shares on October 23, which is 13.29% higher than the 5-day average delivery volume. The liquidity of the stock remains favorable, accommodating trade sizes of up to Rs 3.49 crore based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest and positive price movements underscore the active trading environment surrounding Bharat Dynamics Ltd.