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

Infosys Ltd, a prominent player in the IT software industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, INFY, is currently valued at Rs 1569.0. Notably, there has been significant activity in put options, with 4,442 contracts traded at a strike price of Rs 1500, resulting in a turnover of approximately Rs 623.38 lakhs. The open interest stands at 3,377 contracts, indicating ongoing interest in these options.
Today, Infosys has underperformed its sector by 0.51%, continuing a downward trend with a two-day return of -4.61%. The stock opened with a gap down of 2% and reached an intraday low of Rs 1517.85, reflecting a decline of 3.36%. Furthermore, Infosys is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a bearish sentiment.

Investor participation has also seen a decline, with delivery volume dropping by 19.07% compared to the 5-day average. Despite these challenges, Infosys maintains a high dividend yield of 3.12% and exhibits sufficient liquidity for trading, with a market cap of Rs 6,40,890.00 crore. Overall, the current activity in Infosys reflects a complex market environment for the stock.