Bharat Forge Sees Surge in Open Interest Amid Increased Trading Activity

Mar 20 2025 02:00 PM IST
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Bharat Forge Ltd. has seen a notable rise in open interest, indicating increased trading activity, with a total of 46,711 contracts. The stock has outperformed its sector and demonstrated a strong upward trend over the past four days, supported by robust liquidity and trading volume.
Bharat Forge Ltd., a prominent player in the Castings/Forgings industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 46,711 contracts, marking a rise of 4,799 contracts or 11.45% from the previous open interest of 41,912. The trading volume for the day reached 67,858 contracts, indicating robust market engagement.

In terms of price performance, Bharat Forge has outperformed its sector by 2.24%, with the stock gaining 4.87% on the day. Over the past four days, the stock has shown a notable upward trend, accumulating a total return of 14.48%. The stock reached an intraday high of Rs 1,190.6, reflecting a 4.81% increase.

Bharat Forge's liquidity remains strong, with a delivery volume of 6.05 lakh shares on March 19, which is 55.5% higher than the five-day average. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Overall, the increase in open interest and positive price performance underscores the stock's active trading environment.
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