Key Events This Week
29 Dec: Significant open interest surge signalling market positioning shift
30 Dec: Continued open interest rise with bullish market positioning
31 Dec: New 52-week high at Rs.1,491.95 and robust call option activity
2 Jan: Week closes at Rs.1,478.20 (+2.48%) outperforming Sensex
29 December: Open Interest Surge Signals Market Positioning Shift
On 29 Dec 2025, Bharat Forge’s derivatives segment saw an 11.48% increase in open interest, rising to 31,823 contracts from 28,546 the previous day. This surge, accompanied by a volume of 19,312 contracts, indicated fresh capital inflows and a shift in market positioning. The stock closed at Rs.1,445.05, up 0.18%, outperforming the Sensex which declined 0.41% to 37,140.23.
The futures segment accounted for approximately ₹60,441.88 lakhs in value, while options notional value was ₹8,032.86 crores, reflecting strong investor engagement. The stock traded just 1.59% below its 52-week high and remained above all key moving averages, signalling sustained technical strength. Delivery volumes rose sharply, suggesting genuine accumulation rather than speculative trading.
30 December: Bullish Positioning Continues with Further Open Interest Growth
Bharat Forge extended its positive momentum on 30 Dec, with open interest climbing 13.28% to 31,247 contracts and daily volume increasing to 26,035 contracts. The stock gained 0.68% to close at Rs.1,454.90, while the Sensex marginally declined by 0.01% to 37,135.83. The futures market value rose to ₹63,089 lakhs and options notional value surged to ₹12,977 crores, underscoring heightened bullish sentiment.
Delivery volumes increased by over 54% compared to the five-day average, reinforcing the accumulation narrative. The stock traded just 0.76% below its 52-week high and maintained its position above all major moving averages, reflecting a strong technical uptrend. The auto components sector outperformed the Sensex, with Bharat Forge emerging as a preferred pick within the industry.
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31 December: New 52-Week High and Robust Call Option Activity
Bharat Forge hit a new 52-week high of Rs.1,491.95 on 31 Dec 2025, marking a 2.55% gain for the day. The stock opened with a gap up of 2.41% and maintained strength throughout the session, closing at Rs.1,470.10 (+1.04%). This milestone capped a three-day rally delivering a cumulative return of 1.63%. The Sensex also gained 0.83% to 37,443.41, supported by broad market optimism.
Open interest surged by 19.65% to 24,935 contracts, with volume reaching 33,585 contracts. The futures segment value was ₹37,131 lakhs, while options notional value stood at ₹21,768.996 crores, highlighting intense derivatives market activity. Delivery volumes rose 22.86% to 3.13 lakh shares, confirming strong investor participation.
Call option activity was particularly notable, with the January 27, 2026 expiry series at the ₹1,500 strike price recording 2,450 contracts traded and a turnover of ₹403.15 lakhs. Open interest at this strike stood at 1,388 contracts, signalling bullish bets on a near-term breakout above this key level.
Technically, the stock remained above all major moving averages, reinforcing the bullish trend. Despite slightly underperforming its sector by 0.82% on the day, Bharat Forge outperformed the Sensex and maintained leadership within the auto components sector.
2 January: Week Closes with Outperformance Amid Positive Market Sentiment
On the final trading day of the week, 2 Jan 2026, Bharat Forge closed at Rs.1,478.20, up 0.96% from the previous session. The Sensex rose 0.81% to 37,799.57, but Bharat Forge’s weekly gain of 2.48% outpaced the benchmark’s 1.35% rise, reflecting relative strength. Volume was robust at 45,291 shares, supporting the price advance.
The stock’s sustained technical strength, combined with elevated derivatives activity and positive sectoral trends, underpinned the week’s performance. Investor confidence remains buoyed by the recent Mojo Grade upgrade to Buy and a strong Mojo Score of 75.0, reflecting improved fundamentals and momentum.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.1,445.05 | +0.18% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.1,454.90 | +0.68% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.1,470.10 | +1.04% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.1,464.15 | -0.40% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.1,478.20 | +0.96% | 37,799.57 | +0.81% |
Key Takeaways
Positive Signals: Bharat Forge demonstrated strong technical resilience, trading above all key moving averages throughout the week. The stock’s new 52-week high of Rs.1,491.95 on 31 Dec 2025 marked a significant milestone, supported by robust delivery volumes and sustained accumulation. Elevated open interest and volume in derivatives, particularly call options at the ₹1,500 strike, indicate bullish market positioning and investor conviction. The Mojo Grade upgrade to Buy and a Mojo Score of 75.0 further validate the stock’s improving fundamentals and momentum.
Cautionary Notes: Despite the positive momentum, the stock’s proximity to its 52-week high warrants cautious monitoring for potential volatility or profit-taking. The auto components sector remains sensitive to global supply chain dynamics and domestic demand fluctuations, which could impact near-term performance. Investors should watch for any divergence between price action and open interest trends that might signal shifts in market sentiment.
Conclusion
Bharat Forge Ltd’s performance over the week ending 2 January 2026 reflects a well-supported uptrend driven by strong derivatives market activity, fresh 52-week highs, and positive investor sentiment. The stock outperformed the Sensex by 1.13%, underscoring its relative strength within the auto components sector. Elevated open interest and call option activity suggest that market participants are positioning for further gains, while robust delivery volumes confirm genuine accumulation. The recent Mojo Grade upgrade to Buy and solid fundamentals provide additional confidence in the stock’s near-term outlook. Investors should continue to monitor price and volume trends alongside sector developments to navigate potential risks and opportunities effectively.
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