Bharat Electronics Ltd Sees Surge in Call Option Activity with 11,923 Contracts at Rs 400

Bharat Electronics Ltd (BEL), a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, which recently reached a new 52-week high of Rs 401, has shown a robust performance, outperforming its sector by 0.53%. Over the past two days, BEL has recorded a consecutive gain of 2.56%, indicating a positive trend.
Today, the call options for Bharat Electronics have seen substantial trading volumes, with 11,923 contracts traded at a strike price of Rs 400, resulting in a turnover of approximately Rs 3,526.53 lakhs. Additionally, 5,394 contracts were traded at a strike price of Rs 410, contributing to a turnover of Rs 971.80 lakhs. The open interest for these options stands at 6,018 and 2,322, respectively, highlighting ongoing interest among traders.

The underlying value of BEL is currently at Rs 397.15, and the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum. Despite a slight decline in delivery volume, the stock remains liquid enough for substantial trades, with a market capitalization of Rs 2,90,307.87 crore. Overall, Bharat Electronics continues to demonstrate resilience and activity in the market, reflecting its solid position within the Aerospace & Defense industry.