Tata Elxsi Ltd. Sees 5,534 Active Call Contracts at Rs 6000 Strike Price

Tata Elxsi Ltd., a prominent player in the IT software industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The stock, which currently has an underlying value of Rs 5880, saw a notable number of call contracts traded, totaling 5,534, with a turnover of approximately Rs 943.17 lakhs. The options have an expiry date set for May 29, 2025, with a strike price of Rs 6000, indicating a strategic interest among traders.
In terms of performance, Tata Elxsi has outperformed its sector by 4.67% today, marking a consecutive gain over the last four days, during which it has achieved a remarkable return of 20.81%. The stock reached an intraday high of Rs 5940, reflecting a 4.86% increase. While it is currently trading above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages, suggesting mixed momentum in the longer term.

Despite a slight decline in delivery volume, which fell by 0.16% against the 5-day average, the stock maintains sufficient liquidity for trades, with a capacity for a trade size of Rs 11.34 crores. Tata Elxsi's market capitalization stands at Rs 36,629.29 crores, solidifying its position as a large-cap entity in the market. Overall, the activity surrounding Tata Elxsi today highlights its dynamic presence in the IT software sector.