Bharti Airtel Ltd Sees Surge in Call Options: 7,449 Contracts at Rs 1940 Strike

Bharti Airtel Ltd, a prominent player in the Telecom Services industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, currently valued at Rs 1948.7, is nearing its 52-week high of Rs 2045.8, just 4.44% away.
Today, the call option with a strike price of Rs 1940 saw the highest trading volume, with 7,449 contracts exchanged, resulting in a turnover of Rs 1,486.78 lakhs and an open interest of 3,194 contracts. Other notable strike prices include Rs 1980, with 6,686 contracts traded and a turnover of Rs 691.06 lakhs, and Rs 2020, which recorded 4,270 contracts and a turnover of Rs 189.24 lakhs.

The stock has outperformed its sector by 0.81% today, continuing a positive trend with a 3.95% increase over the last three days. Bharti Airtel is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock's liquidity remains robust, with a delivery volume of 38.72 lakhs, up 27% from its 5-day average.

In summary, Bharti Airtel's active trading in call options and its solid performance metrics underscore its current market position and investor engagement.