Bharat Electronics Sees Surge in Open Interest Amid Increased Market Activity
Bharat Electronics Ltd (BEL) has seen a significant rise in open interest, reaching 70,737 contracts, indicating increased trading activity. Despite recent price declines, the stock maintains adequate liquidity, with a notable increase in delivery volume. The overall defence sector is experiencing a downturn, reflecting broader market challenges.
Bharat Electronics Ltd (BEL), a prominent player in the defence sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 70,737 contracts, marking a notable rise of 14,326 contracts or 25.4% from the previous open interest of 56,411. The trading volume for the day reached 99,488 contracts, indicating robust participation in the market.In terms of price performance, Bharat Electronics has faced challenges recently, with the stock recording a decline of 6.99% over the past two days. Today, it touched an intraday low of Rs 274.45, down 6.01%. The weighted average price suggests that more volume was traded closer to this low price point. While the stock is currently above its 50-day moving averages, it remains below the 5-day, 20-day, 100-day, and 200-day moving averages.
The defence sector overall has seen a downturn, with a decline of 3.81%. Despite the recent price pressures, the stock's liquidity remains adequate, with a delivery volume of 1.82 crore on April 1, reflecting a 52.31% increase compared to the five-day average. Overall, the increase in open interest for Bharat Electronics underscores a notable shift in market dynamics, warranting attention from market participants.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
