Bharat Petroleum Corporation Ltd (BPCL) has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 25,776 contracts, marking a rise of 2,370 contracts or 10.13% from the previous open interest of 23,406. This surge coincides with a trading volume of 28,737 contracts, indicating robust engagement in the market.
In terms of financial performance, BPCL’s stock has underperformed its sector by 0.39% today, with a slight decline of 0.15% over the last day. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in the short to medium term. However, it is noteworthy that investor participation has decreased, with delivery volume falling by 8.02% compared to the 5-day average.
With a market capitalization of Rs 1,49,765 crore, BPCL remains a significant player in the oil industry. The total futures value is reported at Rs 25,997.39 lakhs, while the options value is substantially higher at Rs 17,378.67 crore. Overall, the increase in open interest highlights a shift in trading dynamics for BPCL, amidst a backdrop of mixed performance metrics.