Coforge Ltd Sees Surge in Active Put Options with 14,860 Contracts at Rs 1,700

Coforge Ltd, a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, COFORGE, has seen significant trading activity with two notable put options set to expire on July 31, 2025. The put option with a strike price of Rs 1,740 recorded 7,545 contracts traded, generating a turnover of approximately Rs 1,228.80 lakhs, while the option with a strike price of Rs 1,700 saw even higher activity with 14,860 contracts traded and a turnover of around Rs 1,692.37 lakhs.
Currently, the underlying value of Coforge stands at Rs 1,705.90. However, the stock has underperformed, falling 5.09% against its sector and experiencing a consecutive decline over the past three days, resulting in a total return of -7.18%. The stock touched an intraday low of Rs 1,735, reflecting a drop of 6.2%. Despite this, there has been a notable increase in delivery volume, which rose by 59.62% compared to the five-day average, indicating rising investor participation.

Coforge maintains a market capitalization of Rs 57,992.81 crore, positioning it firmly within the large-cap segment. The liquidity remains robust, supporting trades of up to Rs 4.04 crore based on recent averages. Overall, the activity in the options market highlights the current volatility and investor engagement surrounding Coforge, amidst its recent performance challenges.