Surge in CG Power Call Options: 4,012 Contracts at Rs 750 Strike Price

CG Power & Industrial Solutions Ltd has emerged as one of the most active stocks today, particularly in the heavy electrical equipment sector. The company’s underlying stock, CGPOWER, has seen significant trading activity, with 4,012 call contracts traded at a strike price of Rs 750, resulting in a turnover of approximately Rs 905.13 lakhs. The open interest stands at 1,151 contracts, indicating a robust interest in this option.
Today, CG Power's stock price reached an intraday high of Rs 756.95, reflecting a 2.34% increase. Over the past four days, the stock has shown a strong performance, gaining 12.96% and outperforming its sector by 0.83%. Notably, CG Power is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement.

The stock's liquidity remains healthy, with a delivery volume of 50.54 lakhs on September 2, marking a 48.14% increase compared to the 5-day average. With a market capitalization of Rs 1,17,961.00 crore, CG Power continues to solidify its position in the large-cap segment of the market. Overall, the activity surrounding CG Power reflects a notable engagement from investors, underscoring its current market dynamics.