Tata Motors Ltd. Sees Surge in Call Options Activity with 11,074 Contracts at Rs 680

Tata Motors Ltd., a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The company, with a market capitalization of Rs 2,43,245.12 crore, saw notable movements in its options market, particularly for contracts expiring on April 24, 2025.
Two key strike prices attracted attention: the Rs 680 and Rs 700 call options. The Rs 680 strike saw 11,074 contracts traded, generating a turnover of Rs 1,061.70 lakh, while the Rs 700 strike recorded 11,091 contracts with a turnover of Rs 626.37 lakh. Open interest for these options stood at 6,578 and 10,676 contracts, respectively, indicating robust market engagement.

Despite this activity, Tata Motors' stock price has underperformed the sector by 0.72%, closing at an underlying value of Rs 671.65. The stock reached an intraday low of Rs 654.30, reflecting a decline of 2.62%. Additionally, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a bearish trend.

Overall, Tata Motors continues to be a focal point in the market, with its options trading reflecting a dynamic yet challenging environment.