Coforge Ltd Sees Surge in Active Put Options with 14,269 Contracts Traded at Rs 6,700

Coforge Ltd, a prominent player in the IT software industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s underlying stock, COFORGE, has seen significant activity with 14,269 put contracts traded, reflecting a turnover of approximately Rs 633.95 lakhs. The puts have a strike price of Rs 6,700 and are set to expire on April 24, 2025, with an open interest of 819 contracts.
In terms of performance, Coforge has outperformed its sector by 0.47% today, continuing a positive trend with an 8.31% increase over the last three days. The stock's current value stands at Rs 6,940. While it is trading above its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating mixed momentum in the short to medium term.

Despite a slight decline in investor participation, with delivery volume dropping by 29.54% compared to the 5-day average, the stock maintains adequate liquidity for trading, with a trade size of Rs 13.37 crore based on 2% of the 5-day average traded value. Coforge's one-day return is recorded at 0.32%, contrasting with a sector return of -0.43% and a Sensex return of 0.17%. Overall, the activity surrounding Coforge's put options highlights notable market engagement as investors navigate the current landscape.