Bharat Electronics Ltd Sees Surge in Call Options with 6,899 Contracts at Rs 370 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 call options for the expiry date of May 29, 2025, have seen significant trading activity. Notably, the call option with a strike price of Rs 380 recorded 6,055 contracts traded, resulting in a turnover of approximately Rs 755.91 lakhs, while the Rs 370 strike price option saw 6,899 contracts traded with a turnover of around Rs 1,477.10 lakhs.
The underlying value of BEL stands at Rs 363.00, which positions the stock close to its 52-week high, just 3.48% away from Rs 373.50. However, it has underperformed its sector by 0.95% today, marking a consecutive decline over the past two days with a total drop of 0.81%. Despite this, BEL is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust long-term trend.

Investor participation has also increased, with a delivery volume of 2.26 crore shares on May 19, reflecting an 11.81% rise compared to the 5-day average. The stock maintains sufficient liquidity for trades sized at Rs 21.26 crore, reinforcing its position in the market. Overall, Bharat Electronics Ltd continues to be a focal point in the financial landscape, driven by notable trading activity and solid market fundamentals.