Coforge Ltd Sees 25,498 Call Contracts at Rs 1840 Strike, Strong Market Engagement

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 call options for the expiry date of October 28, 2025, have seen significant trading activity. Notably, 25,498 contracts were traded at a strike price of Rs 1,840, generating a turnover of Rs 1,587.25 lakhs, while another 26,999 contracts were traded at a strike price of Rs 1,860, with a turnover of Rs 1,065.11 lakhs. The open interest for these options stands at 1,068 and 1,085 contracts, respectively, indicating a robust interest in these strike prices.
Coforge's underlying value is currently at Rs 1,830.8, and the stock has outperformed its sector by 0.5% today. It has shown a consistent upward trend, gaining 5.63% over the past four days. The stock has traded within a narrow range of Rs 16.5, and it is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has surged to 26.67 lakhs, reflecting a 379.08% increase compared to the 5-day average, highlighting rising investor participation.

In summary, Coforge Ltd's notable activity in the options market, combined with its strong performance metrics, underscores its current market position without delving into future implications.