Bharat Dynamics Ltd (BDL) has seen a notable rise in open interest, reaching 26,203 contracts, alongside a trading volume of 30,493 contracts. The stock has gained 4.45% over two days and shows strong liquidity, with a market capitalization of Rs 57,161.76 crore, underscoring its significance in the Aerospace & Defense sector.
Bharat Dynamics Ltd (BDL), a key player in the Aerospace & Defense sector, has experienced a significant increase in open interest today. The latest open interest stands at 26,203 contracts, marking a rise of 3,425 contracts or 15.04% from the previous open interest of 22,778. This uptick coincides with a trading volume of 30,493 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, BDL has shown resilience, gaining 4.45% over the last two days, despite underperforming its sector by 0.29% today. The stock reached an intraday high of Rs 1,578.1, reflecting a 2.35% increase during the session. Notably, BDL’s current price is above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.
The stock’s liquidity appears robust, with a delivery volume of 554,000 shares on October 1, representing a 3.16% increase compared to the 5-day average. With a market capitalization of Rs 57,161.76 crore, Bharat Dynamics continues to be a significant entity in its industry. Overall, the notable rise in open interest highlights increased trading activity, reflecting market dynamics without indicating future trends.