Bharat Dynamics Ltd Sees 14.53% Surge in Open Interest to 26,088 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 26,088 contracts, marking a rise of 3,310 contracts or 14.53% from the previous open interest of 22,778. This surge coincides with a trading volume of 29,592 contracts, indicating robust market engagement.
In terms of price performance, Bharat Dynamics has shown resilience, gaining 4.31% over the last two days. The stock reached an intraday high of Rs 1,578.1, reflecting a 2.35% increase during the trading session. Notably, the stock's current price is above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

The delivery volume has also seen a positive trend, with 554,000 shares delivered on October 1, representing a 3.16% increase compared to the 5-day average. With a market capitalization of Rs 57,084.78 crore, Bharat Dynamics continues to demonstrate liquidity, supporting a trade size of Rs 4.06 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and consistent performance metrics underscore the stock's active trading environment.