Birlasoft Ltd has emerged as one of the most active stock puts today amid bearish sentiment.

Birlasoft Ltd, a mid-cap player in the IT software industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options, specifically with a strike price of Rs. 400 and an expiry date of March 27, 2025, have seen significant trading activity, with 2,758 contracts exchanged and a premium turnover of approximately Rs. 11,598.16 lakhs. The underlying stock value stands at Rs. 389.8, reflecting a recent dip as it hit a new 52-week low of Rs. 387.15 today.
Despite the stock's performance aligning with sector trends, it has experienced a trend reversal after four consecutive days of decline. Birlasoft is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment in the short to medium term. Additionally, investor participation has waned, with a delivery volume of 5.43 lakhs on March 12, down 16.77% from the 5-day average.

The liquidity of Birlasoft remains adequate, with trading volumes supporting a trade size of Rs. 2.02 crore, suggesting that while the stock faces challenges, it retains sufficient market activity. Overall, Birlasoft's current situation reflects a complex interplay of market dynamics and investor behavior.