Coforge Ltd Sees Surge in Active Put Options: 12,545 Contracts at Rs 7,000 Strike

Coforge Ltd, a prominent player in the IT software industry, has emerged as one of the most active stocks in the market today, particularly in the options segment. The company’s put options, set to expire on April 24, 2025, have seen significant trading activity, with 12,545 contracts traded at a strike price of Rs 7,000. This activity generated a turnover of approximately Rs 100.61 lakhs, while the open interest stands at 1,141 contracts, indicating a robust interest in these options.
Today, Coforge's stock has outperformed its sector by 2.62%, reflecting a strong performance with a one-day return of 6.34%. The stock opened with a notable gap up of 3.55% and reached an intraday high of Rs 7,428, marking a 6.79% increase. Over the past four days, the stock has gained 15.48%, showcasing a positive trend.

Despite this upward momentum, there has been a decline in investor participation, with delivery volume dropping by 74.6% compared to the five-day average. However, the stock remains liquid enough for trades of Rs 10.2 crore, based on 2% of the five-day average traded value. Coforge's current underlying value is Rs 7,401.5, and it continues to navigate a competitive landscape in the IT software sector, which has gained 3.78% today. Overall, the activity surrounding Coforge's puts highlights a significant moment in the stock's trading narrative.