Bharat Dynamics Sees 10.69% Surge in Open Interest to 25,212 Contracts

Bharat Dynamics Ltd (BDL), a prominent player in the Aerospace & Defense sector, has experienced a notable increase in open interest today. The latest open interest stands at 25,212 contracts, reflecting a rise of 2,434 contracts or 10.69% from the previous open interest of 22,778. The trading volume for the day reached 17,017 contracts, contributing to a futures value of approximately Rs 12,412.18 lakhs and an options value of around Rs 7,749.14 lakhs, bringing the total value to Rs 14,349.49 lakhs.
In terms of price performance, Bharat Dynamics has underperformed its sector by 0.91% today, despite achieving a consecutive gain over the last two days, with a total return of 3.94% during this period. The stock reached an intraday high of Rs 1,578.10, marking a 2.35% increase. Currently, the stock is trading above its 5-day, 20-day, and 200-day moving averages, although it remains below its 50-day and 100-day moving averages.

Overall, the increase in open interest alongside the stock's recent performance metrics highlights a significant shift in market activity for Bharat Dynamics, reflecting evolving dynamics within the mid-cap aerospace and defense industry.