Bharat Dynamics Ltd Sees Surge in Open Interest Amid Increased Trading Activity

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 31,859 contracts, reflecting a rise of 3,734 contracts or 13.28% from the previous open interest of 28,125. This uptick comes alongside a trading volume of 50,707 contracts, indicating active participation in the market.
In terms of price performance, BDL has underperformed its sector by 3.3%, with the stock falling after two consecutive days of gains. It reached an intraday low of Rs 1,850, marking a decline of 4.2%. The weighted average price suggests that more volume was traded closer to this low price point. Notably, while the stock is trading above its 50-day, 100-day, and 200-day moving averages, it remains below its 5-day and 20-day moving averages.

Additionally, delivery volume has shown a notable increase, rising by 49.39% against the 5-day average, with a total delivery volume of 9.59 lakh shares. The liquidity of the stock remains robust, accommodating trade sizes of Rs 12.38 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading activity highlights a dynamic trading environment for Bharat Dynamics Ltd.