Bharat Electronics Ltd Sees Surge in Call Options with 11,452 Contracts Traded at Rs 300 Strike

Bharat Electronics Ltd (BEL), a prominent player in the defence sector, has emerged as one of the most active stocks today, reflecting significant trading activity. The company, with a market capitalization of Rs 2,07,707.37 crore, has seen a notable increase in its call options, particularly for contracts expiring on April 24, 2025, with a strike price of Rs 300. A total of 11,452 contracts were traded, resulting in a turnover of approximately Rs 1,164.05 lakh, while open interest stands at 4,325 contracts.
Today’s performance indicates a positive trend reversal for BEL, as the stock has gained 0.62% after two consecutive days of decline. The stock's performance aligns closely with its sector, which recorded a 0.57% return, while the broader Sensex fell by 0.34%. Notably, BEL's underlying value is currently at Rs 282.3, and it is trading above its 50-day and 100-day moving averages, although it remains below the 5-day, 20-day, and 200-day moving averages.

Investor participation has also risen, with a delivery volume of 2.2 crore shares on April 2, marking an 88.97% increase compared to the five-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs 17.93 crore based on 2% of the five-day average traded value. Overall, Bharat Electronics Ltd continues to demonstrate resilience and activity in the market, reflecting its strong position within the defence industry.