Bharat Forge Ltd. Sees 10.19% Surge in Open Interest to 43,845 Contracts
Bharat Forge Ltd. has seen a notable rise in open interest, reaching 43,845 contracts, alongside a trading volume of 25,571 contracts. The stock has outperformed its sector slightly and is positioned above several moving averages, despite a decrease in delivery volume. This indicates active market participation and a shift in dynamics.
Bharat Forge Ltd., a prominent player in the Auto Components & Equipments industry, has experienced a significant increase in open interest today. The latest open interest stands at 43,845 contracts, reflecting a rise of 4,053 contracts or 10.19% from the previous open interest of 39,792. This uptick in open interest comes alongside a trading volume of 25,571 contracts, indicating active market participation.In terms of performance, Bharat Forge has outperformed its sector by 0.47%, marking a trend reversal after three consecutive days of decline. The stock's current price is positioned above the 20-day, 50-day, and 200-day moving averages, yet remains below the 5-day and 100-day moving averages. Notably, the stock recorded a 1-day return of 0.07%, while the sector and Sensex posted declines of 0.43% and 0.47%, respectively.
Despite a decrease in delivery volume, which fell by 30.68% against the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 2.26 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest for Bharat Forge highlights a notable shift in market dynamics, reflecting the stock's current standing in a fluctuating market environment.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
