Coforge Ltd Sees Surge in Call Options with 10,042 Contracts at Rs 8000 Strike

Coforge Ltd, a prominent player in the IT Software industry, has emerged as one of the most active stocks today, reflecting significant trading activity. The stock, trading under the ticker COFORGE, saw a notable increase, outperforming its sector by 1.69%. It opened with a gain of 4.17%, reaching an intraday high of Rs 8108.5, marking a 5.57% rise.
Today, the call options for Coforge, set to expire on May 29, 2025, have attracted considerable attention, with 10,042 contracts traded at a strike price of Rs 8000. This activity generated a turnover of approximately Rs 1923.03 lakhs, while the open interest stands at 3,629 contracts. The underlying value of the stock is currently at Rs 8089.0.

In terms of performance metrics, Coforge's stock is trading above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average. Despite a decline in delivery volume, which fell by 38.09% compared to the 5-day average, the stock maintains sufficient liquidity for trades around Rs 0.58 crore.

In summary, Coforge's robust trading activity today highlights its strong market position within the IT Software sector, reflecting a dynamic trading environment.