Bharat Electronics Ltd Sees Surge in Active Call Options: 12,410 Contracts at Rs 360 Strike

Bharat Electronics Ltd (BEL), a prominent player in the aerospace and defense sector, has emerged as one of the most active stocks today, reflecting significant market engagement. The stock reached a new 52-week high of Rs 363.7, marking a 3.8% increase during the trading session. Over the past six days, BEL has demonstrated a robust performance, accumulating a total return of 17.89%.
Today, the call options for Bharat Electronics, set to expire on May 29, 2025, have seen considerable activity, with 12,410 contracts traded at a strike price of Rs 360. This has resulted in a turnover of approximately Rs 39.37 crore, while the open interest stands at 2,489 contracts. The underlying value of the stock is currently at Rs 363.6.

In terms of performance metrics, Bharat Electronics is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The defense sector overall has gained 3.6%, while BEL's day return of 3.71% outperformed the sector's 3.26% and the Sensex's slight decline of 0.21%. However, it is noteworthy that investor participation has decreased, with delivery volume dropping by 16.44% compared to the 5-day average.

In summary, Bharat Electronics Ltd is experiencing notable trading activity and performance, reflecting its strong position within the defense industry.