Bharat Forge Sees Significant Open Interest Surge Amidst Increased Trading Activity

May 09 2025 02:00 PM IST
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Bharat Forge Ltd. has seen a notable rise in open interest, reaching 44,725 contracts, alongside a trading volume of 116,185 contracts. The stock has outperformed its sector, achieving an intraday high of Rs 1,176.9, while investor participation has increased significantly, reflecting a dynamic trading environment.
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 44,725 contracts, reflecting a rise of 6,446 contracts or 16.84% from the previous open interest of 38,279. This surge in open interest coincides with a trading volume of 116,185 contracts, indicating robust activity in the stock.

In terms of price performance, Bharat Forge has outperformed its sector by 2.73%, reaching an intraday high of Rs 1,176.9, which marks a 5.7% increase for the day. The stock's weighted average price suggests that more volume was traded closer to its low price, highlighting a dynamic trading environment. Additionally, 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.

Investor participation has also seen a notable uptick, with delivery volume on May 8 rising by 33.38% compared to the 5-day average. With a market capitalization of Rs 55,659.08 crore, Bharat Forge continues to demonstrate liquidity sufficient for trades of Rs 0.42 crore. Overall, the increase in open interest and strong trading metrics underscore a notable day for Bharat Forge in the market.
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