Bharat Electronics Ltd Sees Surge in Call Options with 5,484 Contracts Traded

Bharat Electronics Ltd (BEL), a prominent player in the defence sector, has emerged as one of the most active stocks today, reflecting significant trading activity. The stock's underlying value stands at Rs 332.5, just 3.43% shy of its 52-week high of Rs 340.5. Today, BEL saw a notable trading volume with 5,484 contracts exchanged, resulting in a turnover of approximately Rs 1,744.81 lakhs. The open interest for the stock is recorded at 2,179 contracts, indicating a robust interest among traders.
In terms of performance, Bharat Electronics has shown a consistent upward trend, gaining 7.18% over the past three days. However, it underperformed its sector, which gained 2.87%, by 1.46%. The stock reached an intraday high of Rs 329.95, reflecting a 2.21% increase for the day. Notably, BEL is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend.

Additionally, the stock has witnessed a significant rise in delivery volume, with 2.02 crore shares traded on May 12, marking an increase of 111.93% compared to the 5-day average. This liquidity positions Bharat Electronics favorably for substantial trading activity. Overall, the current dynamics surrounding Bharat Electronics highlight its active status in the market, driven by solid trading metrics and performance indicators.