Coforge Ltd Sees Surge in Active Put Options with 10,811 Contracts at Rs 6,700 Strike

Coforge Ltd, a prominent player in the IT software industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options, set to expire on April 24, 2025, have seen significant activity, with 10,811 contracts traded at a strike price of Rs 6,700. This activity has generated a turnover of approximately Rs 540.56 lakhs, while the open interest stands at 882 contracts, indicating a robust interest in these options.
Today, Coforge's stock has outperformed its sector by 3.25%, reflecting a positive trend as it has gained 8.7% over the last two days. The stock reached an intraday high of Rs 7,061, marking a 6.98% increase. Despite this upward movement, the stock remains below its 20-day, 50-day, 100-day, and 200-day moving averages, although it is higher than its 5-day moving average.

Investor participation has notably increased, with a delivery volume of 10.31 lakhs on April 17, representing a 154.29% rise compared to the 5-day average. The liquidity of the stock is also favorable, supporting a trade size of Rs 13.45 crores based on 2% of the 5-day average traded value. Overall, Coforge's current performance underscores its active status in the market, reflecting both investor interest and sector dynamics.