Bharat Electronics Sees Surge in Open Interest Amid Increased Trading Activity

May 16 2025 01:00 PM IST
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Bharat Electronics Ltd (BEL) has seen a notable rise in open interest, reaching 88,205 contracts, alongside a trading volume of 154,725 contracts. The stock achieved a new 52-week high of Rs 371.15, reflecting strong market engagement despite a decline in delivery volume.
Bharat Electronics Ltd (BEL), a prominent player in the Aerospace & Defense sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 88,205 contracts, up from the previous 78,470, marking a change of 9,735 contracts or a 12.41% increase. The trading volume for the day reached 154,725 contracts, indicating robust market engagement.

In terms of price performance, Bharat Electronics hit a new 52-week high of Rs 371.15, representing a 5.92% increase for the day. The stock has shown consistent upward momentum, gaining 20.41% over the past six days and outperforming its sector by 0.66%. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend.

Despite a decline in delivery volume, which fell by 16.44% compared to the 5-day average, the stock remains liquid enough for trades of Rs 20.72 crore, based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest and the stock's recent performance underscore its active presence in the market.
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