Bharat Electronics Ltd Sees Surge in Active Put Options with 7,684 Contracts at Rs 360

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 put options have seen significant trading activity, with 7,684 contracts traded for the strike price of Rs 360, resulting in a turnover of approximately Rs 2,111.38 lakhs. Additionally, another put option with a strike price of Rs 350 recorded 8,182 contracts traded, contributing a turnover of around Rs 1,414.49 lakhs. The open interest for these options stands at 1,350 and 1,646 contracts, respectively.
Bharat Electronics has reached a new 52-week high of Rs 371.15 today, reflecting a 5.92% increase. The stock has outperformed its sector by 0.36% and has shown a remarkable 19% gain over the past six days. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a noted decline in investor participation, with delivery volume dropping by 16.44% compared to the 5-day average.

In summary, Bharat Electronics Ltd is experiencing heightened activity in its put options, alongside a robust performance in the stock market, underscoring its strong position within the Aerospace & Defense industry.