Bharti Airtel Sees 11.12% Surge in Open Interest to 155,936 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 155,936 contracts, reflecting a rise of 15,611 contracts or 11.12% from the previous open interest of 140,325. This uptick comes alongside a trading volume of 93,428 contracts, indicating active market participation.
In terms of financial metrics, Bharti Airtel's future value is reported at Rs 367,672.86 lakhs, while the options value is notably high at Rs 48,884,230.07 lakhs, contributing to a total value of Rs 370,262.03 lakhs. The underlying value of the stock is currently at Rs 1,918.

Despite this notable activity in open interest, the stock has underperformed its sector by 0.37% today, with a 1D return of -0.06%. The stock has been trading above its 20-day, 50-day, 100-day, and 200-day moving averages, but below its 5-day moving average. Additionally, delivery volume has decreased significantly, falling by 42.56% against the 5-day average.

In summary, the increase in open interest for Bharti Airtel highlights a shift in market dynamics, although the stock's performance remains mixed in the current trading environment.