BHEL Sees 16.98% Surge in Open Interest Amid Increased Trading Activity

Bharat Heavy Electricals Ltd. (BHEL) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 59,500 contracts, up from the previous 50,864, marking a change of 8,636 contracts or a 16.98% increase. The trading volume for the day reached 150,436 contracts, indicating robust participation in the market.
In terms of price performance, BHEL reached a new 52-week high of Rs 287.75, representing a 5.27% increase during the trading session. The stock has outperformed its sector by 2.66% and has shown consistent gains over the past three days, accumulating a total return of 9.59%. Notably, BHEL is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The delivery volume on November 10 was recorded at 80.9 lakh shares, which is a 38.92% increase compared to the 5-day average delivery volume, indicating rising investor participation. With a market capitalization of Rs 96,140 crore, BHEL remains a significant player in the heavy electrical equipment industry. Overall, the notable spurt in open interest and positive price movements highlight the stock's active trading environment today.