Bharat Forge Sees Surge in Open Interest Amid Increased Trading Activity

May 09 2025 01:00 PM IST
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Bharat Forge Ltd. has seen a notable rise in open interest, reaching 43,893 contracts, alongside a trading volume of 97,762 contracts, indicating increased market activity. The stock has outperformed its sector and shows strong delivery volume, reflecting a dynamic trading environment and solid liquidity.
Bharat Forge Ltd., a prominent player in the Castings/Forgings industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 43,893 contracts, marking a rise of 5,614 contracts or 14.67% from the previous open interest of 38,279. This surge coincides with a trading volume of 97,762 contracts, indicating robust market engagement.

In terms of price performance, Bharat Forge has outperformed its sector by 2.88%, reaching an intraday high of Rs 1,176.9, which represents a 5.7% increase. The stock's weighted average price suggests that more volume was traded closer to its low price for the day. Notably, the stock is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Additionally, the delivery volume has seen a notable increase, with 7.8 lakh shares delivered on May 8, reflecting a 33.38% rise compared to the 5-day average. With a market capitalization of Rs 55,993.74 crore, Bharat Forge continues to demonstrate liquidity suitable for trades around Rs 0.42 crore. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for Bharat Forge.
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