Coforge Ltd Sees Surge in Active Call Options with 3,389 Contracts at Rs 8,600 Strike

Coforge Ltd, a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks today, reflecting significant market engagement. The stock, trading under the ticker COFORGE, has seen notable activity in its call options, with 3,389 contracts traded for a strike price of Rs 8,600, resulting in a turnover of approximately Rs 883.77 lakhs. The open interest stands at 1,088 contracts, indicating a robust interest in this option.
Today, Coforge's performance has outpaced its sector by 0.72%, marking a 1.31% increase in its stock price. Over the past five days, the stock has consistently gained, accumulating a total return of 4.33%. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock's underlying value is Rs 8,569.5, and it has demonstrated rising investor participation, with a delivery volume of 91.22k on May 28, up 11.15% compared to the 5-day average. With a market capitalization of Rs 57,374.12 crore, Coforge continues to maintain a liquid trading environment, suitable for transactions around Rs 4.98 crore. Overall, the activity surrounding Coforge reflects a dynamic market presence and solid performance metrics.