Bharat Petroleum Sees Surge in Active Call Options with 5,167 Contracts at Rs 320 Strike

Bharat Petroleum Corporation Ltd (BPCL) has emerged as one of the most active stocks today, particularly in the options market. The company, a significant player in the Oil Exploration and Refineries industry, has seen a notable surge in call options activity, with 5,167 contracts traded for a strike price of Rs 320, expiring on May 29, 2025. This activity generated a turnover of approximately Rs 1,108.60 lakhs, while open interest stands at 1,468 contracts, indicating robust market engagement.
In terms of performance metrics, BPCL has outperformed its sector by 1.99% today, marking its third consecutive day of gains with a total return of 7.51% over this period. The stock opened with a gap up of 2.34% and reached an intraday high of Rs 322.45, reflecting a 3.45% increase. Additionally, BPCL is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The stock's liquidity remains favorable, with a delivery volume of 55.51 lakhs on April 29, which is 19.99% higher than its 5-day average. With a market capitalization of Rs 1,37,465.55 crore, BPCL continues to demonstrate a high dividend yield of 4.97% at the current price, reinforcing its position in the market. Overall, BPCL's recent performance and trading activity highlight its significant presence in the financial landscape.