Persistent Systems Ltd Sees Surge in Call Options: 3,994 Contracts at Rs 5300 Strike

Persistent Systems Ltd has emerged as one of the most active stocks today, particularly in the options market. The company, operating in the IT - Software sector, has seen significant trading activity in call options set to expire on May 29, 2025. Notably, the call option with a strike price of Rs 5300 recorded 3,994 contracts traded, generating a turnover of Rs 1,326.89 lakhs and an open interest of 1,059 contracts. Similarly, the Rs 5400 strike price option saw 3,629 contracts traded, with a turnover of Rs 1,056.75 lakhs and an open interest of 910.
The underlying value of Persistent Systems is currently at Rs 5,356. The stock has outperformed its sector by 2.83% today, marking a consecutive gain over the last five days with a total return of 12.9%. It opened with a gain of 2.1% and reached an intraday high of Rs 5,353, reflecting a 3.67% increase. The stock's performance metrics indicate it is trading above its 5-day and 20-day moving averages, although it remains below the longer-term averages.

With a market capitalization of Rs 83,403.13 crore, Persistent Systems continues to demonstrate robust trading activity and investor participation, highlighted by a delivery volume increase of 253.3% compared to its 5-day average. Overall, the stock's current performance underscores its active status in the market today.