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Informist, Friday, Oct. 31, 2025

By Anjana Therese Antony

MUMBAI – The options chain of Bharat Electronics hinted at optimism for the near term after the company reported higher-than-expected earnings for the September quarter. The company also said it is confident about meeting its various growth guidance for the current financial year. Premiums on out-of-the-money call options rose, while those on put contracts declined, indicating the bullish bets of derivatives traders.

"...the stock is shying away merely 3% below its all-time high, signals robust bullish momentum and scope for further upside," ICICI Direct Research said in a note. The stock recovered and closed 4% higher at INR 426.10 on the National Stock Exchange after posting strong results during market hours.

The near-term support for the stock is seen at INR 410-INR 405 and resistance at INR 460-INR 470, a technical and derivatives analyst at a domestic broking firm said. However, the stock is unlikely to cross the INR 500 mark in the near term, the analyst said. Premiums on call strikes INR 430-INR 470 rose 23-68% and those on INR 425-INR 350 fell around 56%. The highest addition of open interest was at INR 430 call and INR 425 put. The maximum concentration of open interest was at INR 420 call and INR 410 put contracts. 

The Bengaluru-based company's net profit for the reporting quarter rose almost 18% on year to INR 12.86 billion, beating the consensus estimate of INR 11.16 billion. Its revenue grew nearly 26% from the year-ago quarter to INR 57.64 billion, also beating the Street's expectation of INR 53.13 billion. For FY26, the aerospace player has guided for revenue growth of at least 15% and operating margin of 27%. The company is also confident about meeting 90-100% of its planned deliveries for FY26 on time. 

Even though Bharat Electronics is not a heavyweight constituent of the Nifty 50, the sharp gains in the stock limited the fall of the 50-stock index Friday by almost 13 points or 0.1%. The Nifty 50 closed 0.6% lower at 25722.10 points, extending its fall for the second session in a row as investors likely booked amid ease in worries about trade relations of the US with other countries, including India. The index is 2% lower than its record high of 26277.35 points hit in September last year. Market experts believe that returns from the domestic market will be better in 2026 than 2025, supported by better earnings growth, an ease in tariff-related worries, and a pick-up in consumption. 

--Nifty 50 November closed at 25907.10, down 124.50 points; 185.00-point premium to the spot index

--Nifty 50 December closed at 26095.00, down 123.10 points; 372.90-point premium to the spot index

--Nifty 50 January closed at 26267.80, down 117.90 points; 545.70-point premium to the spot index

Bharat Electronics, Maruti Suzuki India, BSE, Shriram Finance, ICICI Bank, HDFC Bank, Canara Bank, State Bank of India, Bandhan Bank, Reliance Industries, United Spirits, Sammaan Capital, Union Bank of India, Bank of Barods, and Vedanta were the most actively traded underlying stocks Friday.  End

Edited by Avishek Dutta

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