Bharat Electronics Ltd Sees Surge with 4,392 Active Call Contracts at Rs 380 Strike

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. The stock's underlying value stands at Rs 379.0, with a notable call option expiring on August 28, 2025, at a strike price of Rs 380.
Today, 4,392 contracts were traded, resulting in a turnover of Rs 488.17 lakhs, while open interest reached 3,042 contracts. This surge in activity indicates a robust interest in the stock, which has shown a consecutive gain over the past two days, yielding a return of 1.38% during this period.

In terms of performance metrics, Bharat Electronics has outperformed the sector, with a 1.06% return compared to the sector's 0.69% and the Sensex's decline of 0.48%. The stock is currently trading above its 100-day and 200-day moving averages, although it remains below its 5-day, 20-day, and 50-day moving averages.

Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 64.22 lakhs on August 21, reflecting a 2.15% increase against the 5-day average. The liquidity remains favorable, accommodating a trade size of Rs 10.11 crore based on 2% of the 5-day average traded value.

In summary, Bharat Electronics Ltd is experiencing heightened trading activity and positive performance metrics, underscoring its position in the market.