Call Option Activity Highlights
The most active call options for ABB India Ltd were concentrated at the 6000 strike price, expiring on 24 February 2026. A total of 12,262 contracts changed hands, generating a turnover of approximately ₹766.83 lakhs. Open interest at this strike stands at 1,194 contracts, indicating sustained interest and potential buildup of bullish positions. The underlying stock last traded at ₹5,870, suggesting that traders are betting on a significant upside move above the strike price within the next trading sessions.
Stock Performance and Technical Context
On 23 February 2026, ABB India Ltd’s stock price declined by 2.37%, touching an intraday low of ₹5,842, underperforming its sector by 1.22% and the Sensex by 2.75%. The weighted average price of traded shares skewed closer to the day’s low, reflecting selling pressure. However, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a longer-term bullish technical setup despite short-term weakness.
Investor participation has surged dramatically, with delivery volumes on 20 February reaching 10.08 lakh shares — a staggering 1,336.61% increase over the five-day average delivery volume. This heightened activity suggests that institutional and retail investors alike are accumulating shares, possibly anticipating a rebound or positive catalyst in the near term.
Fundamental and Market Sentiment Analysis
ABB India Ltd, with a market capitalisation of ₹1,26,857 crores, is classified as a large-cap stock within the Heavy Electrical Equipment industry. The company’s Mojo Score currently stands at 55.0, reflecting a Hold rating, upgraded from Sell on 29 January 2026. This upgrade indicates a stabilisation in the company’s fundamentals, though it stops short of a Buy recommendation, signalling that investors should remain cautious.
The stock’s recent underperformance relative to its sector and the broader market may be attributed to sector-specific headwinds or broader macroeconomic concerns impacting capital goods companies. Nevertheless, the elevated call option activity at a strike price well above the current market level suggests that traders are positioning for a potential upside breakout, possibly driven by expectations of improved earnings, order inflows, or government infrastructure spending.
Our current monthly pick, this Mid Cap from Automobile Two & Three Wheelers, survived rigorous evaluation against dozens of contenders. See why experts are backing this one!
- - Rigorous evaluation cleared
- - Expert-backed selection
- - Mid Cap conviction pick
Expiry Patterns and Investor Positioning
The expiry date of 24 February 2026 is critical, as the concentration of call options at the 6000 strike price suggests a consensus target approximately 2.2% above the current underlying price. This level represents a psychological resistance point and a potential breakout threshold. The open interest data implies that many traders are either initiating or rolling over bullish bets, expecting the stock to close above this level by expiry.
Such positioning is often indicative of positive sentiment or anticipation of favourable news flow. However, the stock’s recent intraday weakness and underperformance relative to the sector caution that this optimism is not yet fully reflected in the spot price. Investors should monitor volume and price action closely in the coming days to gauge whether the bullish momentum will materialise.
Liquidity and Trading Considerations
ABB India Ltd’s liquidity profile remains robust, with the stock’s traded value comfortably supporting trade sizes up to ₹12.02 crores based on 2% of the five-day average traded value. This liquidity ensures that both institutional and retail investors can enter or exit positions without significant price impact, an important factor when considering option strategies and underlying stock trades.
Given the stock’s large-cap status and active options market, traders can employ a variety of strategies ranging from outright long calls to spreads or collars to capitalise on anticipated volatility or directional moves.
Holding ABB India Ltd from Heavy Electrical Equipment? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Outlook and Investor Takeaways
While ABB India Ltd’s recent price action has been subdued, the surge in call option activity at the 6000 strike price ahead of the 24 February expiry highlights a growing bullish sentiment among options traders. The upgrade to a Hold rating by MarketsMOJO reflects a cautious optimism, suggesting that while the company’s fundamentals are stabilising, investors should remain vigilant for catalysts that could drive a sustained rally.
Investors considering exposure to ABB India Ltd should weigh the technical signals, including the stock’s position above key moving averages and rising delivery volumes, against the broader market context and sector dynamics. The active options market provides opportunities for strategic positioning, but also warrants careful risk management given the stock’s recent underperformance and volatility.
In summary, ABB India Ltd remains a stock to watch closely in the Heavy Electrical Equipment sector, with options market activity offering valuable insights into investor expectations and potential price trajectories in the near term.
Only Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Start Today
