Bharat Petroleum’s Open Interest Surges 16.55% Amid Increased Futures Activity

Bharat Petroleum Corporation Ltd (BPCL) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 34,649 contracts, up from the previous 29,730 contracts, marking a change of 4,919 contracts or a 16.55% increase. The trading volume for the day reached 42,635 contracts, contributing to a total futures value of approximately Rs 49,659.33 lakhs.

In terms of price performance, BPCL has outperformed its sector by 3.28%, reversing a three-day decline with a gain of 4.24% today. The stock reached an intraday high of Rs 338.5, reflecting a 4.36% increase. Additionally, BPCL is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement.

Despite a decline in delivery volume by 14.72% compared to the 5-day average, BPCL maintains a high dividend yield of 3.08% at the current price. With a market capitalization of Rs 1,45,231.00 crore, BPCL continues to demonstrate liquidity suitable for trading sizes of Rs 4.24 crore. Overall, the increase in open interest and positive price movement highlights a dynamic trading environment for BPCL.