Adani Green Energy Ltd Sees Surge with 19,271 Active Call Options at ₹1,000 Strike

Adani Green Energy Ltd has emerged as one of the most active stocks in the market today, particularly in the power generation and distribution sector. The stock, trading under the ticker ADANIGREEN, has shown significant movement with a notable increase of 10.55% over the past two days, outperforming its sector by 7.15%.
Today, the stock reached an intraday high of Rs 995.75, reflecting a 10% gain. The trading activity has been robust, with 19,271 call contracts traded for an expiry date set for May 29, 2025, at a strike price of Rs 1,000. The turnover for these contracts amounted to approximately Rs 2,708.48 lakhs, while the open interest stands at 3,830 contracts. The underlying value of the stock is currently at Rs 983.00.

Despite the positive performance, there has been a decline in investor participation, with delivery volume dropping by 53.53% compared to the five-day average. However, the stock remains liquid enough for a trade size of Rs 4.42 crore, supported by its position above the 5-day, 20-day, 50-day, and 100-day moving averages, though it remains below the 200-day moving average.

In summary, Adani Green Energy Ltd continues to attract attention in the market, driven by strong performance metrics and significant trading activity.