Bharat Electronics Ltd Sees Surge in Put Options with 4,098 Contracts at Rs 420 Strike

Bharat Electronics Ltd (BEL), a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s put options, set to expire on July 31, 2025, have seen significant trading activity, with 4,098 contracts exchanged at a turnover of approximately Rs 1,406.19 lakhs. The strike price for these puts is set at Rs 420, while the underlying stock is currently valued at Rs 418.90.
Despite the notable activity in the options market, Bharat Electronics has experienced a slight decline, with a one-day return of -1.51%, mirroring the sector's performance. The stock reached an intraday low of Rs 416.15, reflecting a decrease of 2.67%. It remains close to its 52-week high, just 3.42% away from Rs 436.

In terms of technical indicators, the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 52.32% compared to the five-day average. Nevertheless, the stock maintains sufficient liquidity for trading, with a market cap of Rs 3,07,814.79 crore, classifying it as a large-cap entity.

In summary, Bharat Electronics Ltd is witnessing significant activity in its put options, reflecting current market dynamics while navigating a slight downturn in its stock performance.