Surge in Coforge Ltd Call Options: Over 7,000 Contracts at Rs 7700 Strike Traded

Coforge Ltd, a prominent player in the IT software industry, has emerged as one of the most active stocks today, showcasing significant trading activity in its call options. The stock, which has a market capitalization of Rs 52,406.27 crore, has demonstrated a notable performance, outperforming its sector by 3.04%. Over the past two days, Coforge has gained 5.7%, with an intraday high of Rs 7867, reflecting a 3.51% increase.
Today, the call options for Coforge, expiring on May 29, 2025, have seen substantial trading volumes. The strike price of Rs 7700 recorded 7,015 contracts traded, generating a turnover of Rs 1,633.27 lakh, while the Rs 7800 strike price saw 6,401 contracts traded with a turnover of Rs 1,324.28 lakh. Additionally, the Rs 8000 strike price had 7,571 contracts traded, contributing Rs 1,055.78 lakh to the turnover. Open interest for these options stands at 1,753 for the Rs 7800 strike, 1,449 for the Rs 7700 strike, and 4,235 for the Rs 8000 strike.

Despite a decline in delivery volume by 28.72% against the five-day average, the stock remains liquid enough for trades sized at Rs 1.93 crore, indicating a robust trading environment. Coforge's performance metrics, including its position relative to moving averages, suggest a strong market presence as it continues to navigate the competitive landscape of the IT sector.