Coforge Ltd Sees 12,799 Put Contracts at Rs 1800 Strike Price, Totaling Rs 251.50 Lakhs

Coforge Ltd, a mid-cap player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options have seen significant trading activity, with 12,799 contracts traded for the strike price of Rs 1,800, resulting in a turnover of approximately Rs 251.5 lakhs. Additionally, the put option with a strike price of Rs 1,820 recorded 11,526 contracts traded, contributing to a turnover of around Rs 497.49 lakhs.
The underlying value of Coforge stands at Rs 1,831. The open interest for the Rs 1,800 strike price is 434 contracts, while the Rs 1,820 strike price has an open interest of 299 contracts.

Coforge has outperformed its sector by 0.5% today, marking a consecutive gain over the last four days with a total return of 5.63% during this period. The stock has maintained a narrow trading range of Rs 16.5 and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, investor participation has surged, with a delivery volume of 26.67 lakhs on October 27, reflecting a 379.08% increase compared to the 5-day average.

In summary, Coforge's strong performance metrics and active options trading highlight its current market position without delving into future implications.