Bharat Forge Ltd. Sees Surge in Active Call Options with 12,196 Contracts at Rs 1180 Strike

Bharat Forge Ltd., a prominent player in the Castings/Forgings industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, BHARATFORG, has seen notable movements, particularly in call options set to expire on May 29, 2025.
Two key strike prices have attracted attention: the Rs 1180 strike, with 12,196 contracts traded and a turnover of Rs 2,256.19 lakhs, and the Rs 1200 strike, which saw 14,106 contracts traded and a turnover of Rs 2,106.60 lakhs. The open interest for these options stands at 801 and 2,155 contracts, respectively, indicating a robust interest among traders.

In terms of performance metrics, Bharat Forge has outperformed its sector by 3.11%, with the stock reaching an intraday high of Rs 1175, reflecting a 5.53% increase. The stock's weighted average price suggests that more volume was traded closer to its lower price points. Additionally, it remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is below the 200-day moving average.

With a market capitalization of Rs 55,663.86 crore, Bharat Forge continues to demonstrate liquidity, with a delivery volume of 7.8 lakhs on May 8, marking a 33.38% increase against its 5-day average. Overall, the trading activity today underscores the stock's dynamic presence in the market, reflecting both investor engagement and market trends.