Tata Consultancy Services has emerged as one of the most active stock puts today, signaling protective trading strategies.

Tata Consultancy Services Ltd. (TCS), a prominent player in the IT software industry, has seen significant activity in its put options today. The most notable trades include puts with strike prices of Rs 3600 and Rs 3500, both set to expire on April 24, 2025. The 3600 strike put recorded 2,195 contracts traded, generating a turnover of approximately Rs 417.15 lakhs, while the 3500 strike put saw 2,229 contracts traded with a turnover of around Rs 246.58 lakhs. Open interest for these puts stands at 2,028 and 1,837 contracts, respectively, indicating a robust interest in these options.
In terms of stock performance, TCS is currently valued at Rs 3604, just 2.21% away from its 52-week low of Rs 3457. The stock has underperformed its sector by 0.34% today and has experienced a consecutive decline over the past two days, with a total return of -3.18%. It touched an intraday low of Rs 3525, reflecting a decrease of 2.25%. TCS is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock's liquidity remains adequate for trades of Rs 16.97 crores, despite a decline in delivery volume by 11.87% compared to the 5-day average.

In summary, TCS's put options activity highlights a notable interest in protective strategies amid recent stock performance challenges, reflecting the current market dynamics without making any predictions about future movements.