Bharat Heavy Electricals Limited

Capital Goods · Electrical Equipment

NSE: BHEL BSE: 500103

₹415.50

Sept. 30, 2026 · NSE · nse_bhavcopy

F&O (Single-Stock Futures)

Single-stock futures activity for this company -- see the Options Chain section below for OI by strike, PCR, Max Pain and Greeks.

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Combined Open Interest (all active contracts, full history -- via the Parquet/DuckDB analytics lake, ADR-0183)

Basis (nearest contract vs spot) +2.70

OI Buildup (each live contract's own price change vs. change in OI, latest real trading day)

Expiry	Close	Price Chg	OI	Chg OI	Buildup
Oct. 27, 2026	415.5000	-2.30	80343375	-249375	Long Unwinding
Nov. 23, 2026	417.9000	-1.85	3864000	157500	Short Buildup

Date	Expiry	Open	High	Low	Close	OI	Change in OI
Sept. 30, 2026	Dec. 29, 2026	426.6500	426.6500	418.1500	418.2000	21000	21000
Sept. 30, 2026	Nov. 23, 2026	419.7500	427.5000	415.1000	417.9000	3864000	157500
Sept. 30, 2026	Oct. 27, 2026	418.3000	424.2000	413.3500	415.5000	80343375	-249375
Sept. 29, 2026	Nov. 23, 2026	412.7500	421.2500	406.7000	419.7500	3706500	126000
Sept. 29, 2026	Oct. 27, 2026	410.5000	419.4500	404.2000	417.8000	80592750	10563000
Sept. 29, 2026	Sept. 29, 2026	411.0000	418.3500	402.0000	415.1500	9187500	-5066250
Sept. 28, 2026	Nov. 23, 2026	414.0000	414.8000	411.4000	413.2000	3580500	102375
Sept. 28, 2026	Oct. 27, 2026	416.4500	418.1000	408.3000	411.3000	70029750	26352375
Sept. 28, 2026	Sept. 29, 2026	414.4000	416.5500	406.9500	409.2500	14253750	-26386500
Sept. 25, 2026	Nov. 23, 2026	424.6000	425.5000	416.5000	420.9000	3478125	7875

Options Chain

As of Sept. 30, 2026. IV and Greeks are solved from each option's own real market price via Black-Scholes, assuming a fixed 7% risk-free rate (not a live/dated rate -- no such feed exists in the source data).

Oct. 27, 2026 (nearest) Nov. 23, 2026 Dec. 29, 2026

PCR (OI) 0.661

Max Pain 410.0000

Open Interest by Strike (Max Pain: 410.0000)

Implied Volatility by Strike (solved from each real market price via Black-Scholes)

CALLS					Strike	PUTS
OI	Chg OI	LTP	IV%	Delta		Delta	IV%	LTP	Chg OI	OI
233625	0	66.0000	—		350.0000	-0.055	42.07	1.1500	105000	409500
21000	0	55.5000	—		360.0000	-0.078	39.95	1.6500	-52500	548625
39375	0	48.7500	32.43	0.922	370.0000	-0.114	38.71	2.5500	-343875	679875
0	0	58.1500	76.5	0.733	375.0000	-0.139	38.31	3.2000	47250	149625
147000	0	39.1000	28.41	0.896	380.0000	-0.164	37.45	3.8500	55125	1008000
0	0	51.4500	75.58	0.691	385.0000	-0.195	37.01	4.7500	15750	196875
81375	0	32.0000	32.6	0.793	390.0000	-0.231	36.69	5.8500	55125	966000
0	0	45.2500	74.82	0.646	395.0000	-0.269	36.26	7.1000	26250	383250
1407000	181125	23.7500	29.79	0.717	400.0000	-0.313	36.21	8.7000	-49875	2404500
354375	-5250	20.6000	30.13	0.661	405.0000	-0.357	35.73	10.3500	-13125	496125
3029250	-359625	17.8000	30.58	0.604	410.0000	-0.406	35.88	12.5000	-42000	1577625
1315125	456750	15.2000	30.8	0.547	415.0000	-0.455	36.03	14.9000	215250	908250
3835125	677250	12.9500	31.16	0.491	420.0000	-0.504	35.75	17.3500	105000	1897875
879375	244125	10.9000	31.36	0.436	425.0000	-0.551	36.28	20.4000	-49875	288750
1698375	320250	9.0500	31.4	0.383	430.0000	-0.599	35.83	23.2500	-15750	800625
580125	115500	7.5500	31.7	0.334	435.0000	-0.630	38.84	27.8000	10500	107625
1493625	257250	6.2000	31.82	0.288	440.0000	-0.672	38.41	31.0500	2625	252000
267750	31500	5.1000	32.06	0.247	445.0000	-0.736	34.4	33.1500	0	18375
2128875	669375	4.2000	32.39	0.211	450.0000	-0.746	38.39	38.4500	36750	115500
102375	10500	3.5000	32.89	0.181	455.0000		—	37.1000	0	2625
622125	34125	2.9000	33.32	0.154	460.0000		—	40.1000	0	13125
107625	39375	2.4000	33.75	0.131	465.0000	-0.708	62.47	59.0000	0	0
459375	107625	2.0000	34.25	0.111	470.0000	-0.836	41.99	56.0000	0	34125
44625	5250	1.7500	35.16	0.097	475.0000	-0.753	61.55	66.4500	0	0
595875	5250	1.3000	34.67	0.077	480.0000	-0.910	36.85	63.7000	0	5250
26250	7875	1.2500	36.28	0.071	485.0000	-0.797	60.3	74.2000	0	0
238875	107625	1.0000	36.39	0.059	490.0000	-0.689	94.45	90.7000	0	0
23625	21000	0.8000	36.52	0.048	495.0000	-0.838	58.7	82.2500	0	0
556500	55125	0.7500	37.76	0.044	500.0000		—	79.5000	2625	149625