Tata Motors Ltd. Sees Surge in Call Option Activity with 27,981 Contracts Traded

Tata Motors Ltd., a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks today. The company, with a market capitalization of Rs 2,25,556.24 crore, has seen significant trading activity in its call options, particularly with an expiry date set for April 24, 2025. The call option with a strike price of Rs 620 recorded a notable 27,981 contracts traded, contributing to a turnover of Rs 1,539.34 lakh. The open interest for this option stands at 7,707 contracts, indicating ongoing interest among traders.
In terms of price performance, Tata Motors has experienced a decline of 0.54% today, aligning closely with the sector's performance, which saw a 0.48% drop. The stock has been on a downward trend, losing 2.1% over the past two days. Despite this, it remains above its 5-day moving average but falls short of the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's delivery volume has decreased significantly, with a 42.23% drop compared to the 5-day average, reflecting a decline in investor participation.

Overall, Tata Motors continues to be a focal point in the market, driven by substantial trading activity in its options, while navigating recent performance challenges.