Bharat Forge Sees Surge in Open Interest Amidst Market Challenges and Declining Stock Performance

Apr 03 2025 03:00 PM IST
share
Share Via
Bharat Forge Ltd. has seen a notable rise in open interest, reaching 38,797 contracts, while trading volume hit 26,610 contracts. Despite this increase, the company's stock has underperformed, trading below key moving averages and experiencing a decline in delivery volume, indicating challenges in the current market environment.
Bharat Forge Ltd., a prominent player in the Castings/Forgings industry, has experienced a significant increase in open interest today. The latest open interest stands at 38,797 contracts, reflecting a rise of 3,808 contracts or 10.88% from the previous open interest of 34,989. The trading volume for the day reached 26,610 contracts, contributing to a total futures value of approximately Rs 45,801.49 lakhs.

Despite this uptick in open interest, Bharat Forge's stock performance has underwhelmed, underperforming its sector by 1.23%. The stock hit an intraday low of Rs 1,082.55, marking a decline of 6.11%. Additionally, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

The Castings/Forgings sector overall has seen a decline of 2.2%, while Bharat Forge's stock recorded a 1D return of -3.39%. Notably, delivery volume has decreased by 15.44% compared to the 5-day average, suggesting a reduction in investor participation. With a market capitalization of Rs 53,914.00 crore, Bharat Forge remains a key player in its industry, though current market conditions reflect challenges.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News