Bharat Electronics Ltd Sees Surge in Put Options: 14,613 Contracts at Rs 350 Strike

Bharat Electronics Ltd (BEL), a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options have seen significant trading activity, with 14,613 contracts traded at a strike price of Rs 350, resulting in a turnover of approximately Rs 1,486.80 lakhs. Additionally, another put option with a strike price of Rs 360 recorded 17,452 contracts traded, generating a turnover of around Rs 3,357.33 lakhs. The open interest for these options stands at 3,004 and 2,245 contracts, respectively.
Currently, Bharat Electronics is valued at Rs 364.5, just 1.32% shy of its 52-week high of Rs 373.5. Despite this, the stock has underperformed its sector by 1.75% today, although it has shown a positive trend with a 1.35% gain over the last two days. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market.

With a market capitalization of Rs 2,74,774.59 crore, Bharat Electronics continues to demonstrate liquidity, with a delivery volume of 2.14 crore shares on May 20, reflecting a 3.77% increase against the 5-day average. Overall, the activity in Bharat Electronics' put options highlights the ongoing interest in the stock amid fluctuating market conditions.