Bharat Forge Sees Significant Open Interest Surge Amidst Increased Market Activity

May 09 2025 11:00 AM IST
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Bharat Forge Ltd. has seen a notable rise in open interest, reaching 43,598 contracts, alongside a trading volume of 78,878 contracts. The stock has outperformed its sector and shows increased investor participation, with delivery volume significantly higher than the recent average, indicating strong market engagement.
Bharat Forge Ltd., a prominent player in the Castings/Forgings industry, has experienced a significant increase in open interest today. The latest open interest stands at 43,598 contracts, marking a rise of 5,319 contracts or 13.9% from the previous open interest of 38,279. This uptick in open interest coincides with a trading volume of 78,878 contracts, reflecting robust market activity.

In terms of price performance, Bharat Forge has outperformed its sector by 2.07%, reaching an intraday high of Rs 1,175, which represents a 5.53% increase. The stock's weighted average price indicates that more volume was traded closer to the low price for the day. Additionally, the stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Investor participation has also seen a notable rise, with delivery volume on May 8 reaching 7.8 lakh shares, up 33.38% compared to the 5-day average. With a market capitalization of Rs 55,381.79 crore, Bharat Forge continues to demonstrate liquidity suitable for trading sizes of Rs 0.42 crore. Overall, the increase in open interest and strong trading metrics highlight the stock's active engagement in the market.
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