Bharat Dynamics Ltd Sees 15.73% Surge in Open Interest to 36,188 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 36,188 contracts, marking an increase of 4,918 contracts or 15.73% from the previous open interest of 31,270. This surge coincides with a trading volume of 60,816 contracts, indicating robust market engagement.
In terms of price performance, Bharat Dynamics opened the day with a gain of 2.98%, reaching an intraday high of Rs 1,569, which represents a 3.58% increase. The stock has outperformed its sector by 0.52%, showcasing its relative strength in the market. Notably, the stock's performance is above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

Additionally, the delivery volume on October 23 was recorded at 372,000 shares, reflecting a 13.29% increase compared to the 5-day average. With a market capitalization of Rs 56,124.38 crore, Bharat Dynamics continues to demonstrate liquidity suitable for trades of Rs 3.49 crore, underscoring its position in the mid-cap segment. Overall, the notable rise in open interest and trading volume highlights the active engagement in Bharat Dynamics shares today.