Coforge Ltd Sees Surge in Put Options Activity with 22,502 Contracts at Rs 1,700 Strike

Coforge Ltd, a prominent player in the Computers - Software & Consulting 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 July 31, 2025, have seen significant activity, with 22,502 contracts traded at a strike price of Rs 1,700. This trading generated a turnover of approximately Rs 2,793.06 lakhs, while the open interest stands at 1,633 contracts, indicating a robust interest in these options.
Today, Coforge's stock has outperformed its sector by 3.06%, recovering after three consecutive days of decline. The stock reached an intraday high of Rs 1,723.7, reflecting a gain of 2.85%. Notably, the stock's performance is currently above its 100-day and 200-day moving averages, although it remains below the 5-day, 20-day, and 50-day averages.

Investor participation has notably increased, with a delivery volume of 47.62 lakhs on July 24, marking a staggering rise of 696.18% compared to the 5-day average. The stock's liquidity remains strong, accommodating trades of up to Rs 11.57 crore based on 2% of the 5-day average traded value. Coforge's one-day return stands at 2.17%, contrasting with a sector return of -0.24% and a Sensex return of -0.40%.

In summary, Coforge Ltd's active put options trading reflects a dynamic market position, characterized by increased investor engagement and notable price movements.