Astral Ltd Sees Surge in Call Options with 10,996 Contracts at Rs 1,400 Strike

Astral Ltd, a prominent player in the Plastic Products - Industrial sector, has emerged as one of the most active stocks today. The company’s underlying stock, ASTRAL, has shown significant trading activity, particularly in call options set to expire on May 29, 2025. A total of 10,996 contracts were traded at a strike price of Rs 1,400, contributing to a turnover of approximately Rs 1,530.95 lakhs. The open interest stands at 1,873 contracts, indicating ongoing interest in these options.
In terms of performance, Astral has outperformed its sector by 1.83%, with a notable 3.77% increase over the past two days. The stock reached an intraday high of Rs 1,432.8, reflecting a 4% gain for the day. Currently, the stock's value is Rs 1,419.3, which is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite a decline in delivery volume, which fell by 19.23% compared to the 5-day average, the stock maintains adequate liquidity for trading, with a trade size of Rs 0.46 crore based on 2% of the 5-day average traded value. Overall, Astral Ltd continues to demonstrate resilience and activity in the market, reflecting its strong position within the industry.