Bharti Airtel Sees 10.22% Surge in Open Interest, Reaching 180,504 Contracts

Bharti Airtel Ltd, a prominent player in the Telecom Services industry, has experienced a significant increase in open interest today. The latest open interest stands at 180,504 contracts, reflecting a rise of 16,735 contracts or 10.22% from the previous open interest of 163,769. This uptick in open interest comes alongside a trading volume of 113,802 contracts, indicating active participation in the market.
In terms of price performance, Bharti Airtel reached a new 52-week and all-time high of Rs. 2067 today. However, the stock has underperformed its sector by 0.48% and has seen a consecutive decline over the past two days, with a total drop of 1.55% during this period. Despite this recent downturn, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term positive trend.

Additionally, the delivery volume has notably decreased, with only 121,000 shares delivered on October 21, marking a significant decline of 96.19% compared to the 5-day average. With a market capitalization of Rs 11,52,566.55 crore, Bharti Airtel remains a liquid stock, suitable for trades up to Rs 17.93 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Bharti Airtel.