Coforge Ltd Sees Surge in Active Call Options: 8,897 Contracts at 1700 Strike Price

Coforge Ltd, a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, COFORGE, has seen notable movements, particularly in call options set to expire on July 31, 2025.
Two key strike prices have attracted attention: 1720 and 1700. The 1720 call option recorded 6,878 contracts traded, generating a turnover of approximately Rs 618.66 lakhs, while the 1700 call option saw even higher activity with 8,897 contracts traded and a turnover of Rs 1,078.64 lakhs. Open interest for these options stands at 1,634 and 2,182 contracts, respectively, indicating a robust interest in these strike prices.

Today, COFORGE's stock price reached an intraday high of Rs 1,723.7, marking a 2.85% increase. This performance comes after a three-day decline, showcasing a potential trend reversal. The stock has outperformed its sector by 3.06%, with a 1D return of 2.17%, contrasting with the sector's decline of 0.24% and the Sensex's drop of 0.40%.

Coforge's market capitalization is approximately Rs 57,283.95 crores, positioning it firmly within the large-cap category. The stock's liquidity remains strong, with a delivery volume of 47.62 lakhs on July 24, reflecting a 696.18% increase compared to the five-day average. Overall, the trading activity in Coforge underscores its dynamic presence in the market today.