Bharat Electronics Sees Surge in Active Call Options with 9,337 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, reflecting significant trading activity in its call options. The stock is currently valued at Rs 376.6, just 1.32% away from its 52-week high of Rs 373.5.
Today, the call options with expiry on May 29, 2025, have seen notable trading volumes. The strike price of Rs 370 recorded 9,337 contracts traded, generating a turnover of Rs 2,890.17 lakhs, while the Rs 375 strike price saw 6,421 contracts traded with a turnover of Rs 1,605.64 lakhs. The Rs 380 strike price had 9,039 contracts traded, contributing Rs 1,863.77 lakhs to the turnover. Open interest for these options stands at 2,224 for the Rs 375 strike, 4,524 for the Rs 380 strike, and 4,428 for the Rs 370 strike, indicating robust market engagement.

Despite a slight underperformance of 1.75% against its sector, Bharat Electronics has shown resilience with a 3.33% return today, outperforming the Sensex's 0.50% return. The stock has been gaining momentum over the past two days, reflecting a positive trend as it trades above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The defense sector overall has gained 2.89%, further highlighting the active trading environment surrounding Bharat Electronics.

In summary, Bharat Electronics Ltd continues to attract significant trading interest, underscoring its position within the Aerospace & Defense industry.