Surge in Call Options for Adani Enterprises: 8,617 Contracts Traded at Rs 2,400 Strike

Adani Enterprises Ltd, a prominent player in the diversified industry, has emerged as one of the most active stocks today, reflecting significant trading activity. The stock, identified by the underlying symbol ADANIENT, saw a notable increase in call options, with 8,617 contracts traded, resulting in a turnover of approximately Rs 1,770.14 lakhs. The options have an expiry date set for May 29, 2025, with a strike price of Rs 2,400 and an open interest of 3,587 contracts.
In terms of performance metrics, Adani Enterprises has outperformed its sector by 0.43%, marking a trend reversal after two consecutive days of decline. The stock opened with a gain of 2.11% today and reached an intraday high of Rs 2,372.4, reflecting a 3.09% increase. Currently, the underlying value stands at Rs 2,344.

Additionally, the stock's delivery volume has seen a significant rise, with 348,000 shares delivered on April 30, up by 55.82% compared to the five-day average. Despite being higher than the 50-day moving averages, the stock remains below the 5-day, 20-day, 100-day, and 200-day moving averages. With a market capitalization of Rs 2,70,770.80 crore, Adani Enterprises continues to demonstrate robust liquidity, supporting trade sizes of Rs 2.1 crore. Overall, today's activity underscores the stock's dynamic position in the market.