Eicher Motors Sees 7,658 Call Contracts Surge at Rs 5600 Strike Amid Active Trading

Eicher Motors Ltd, a prominent player in the automobiles sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, which closed at Rs 5599.5, is currently positioned just 4.69% away from its 52-week high of Rs 5906.5.
Notably, the call option with a strike price of Rs 5600 saw the highest trading volume, with 7,658 contracts exchanged, contributing to a turnover of Rs 2262.17 lakhs and an open interest of 1,063 contracts. The Rs 5650 strike price option also demonstrated robust activity, with 4,385 contracts traded and a turnover of Rs 1,121.60 lakhs. Meanwhile, the Rs 5800 strike price option recorded 5,201 contracts traded, resulting in a turnover of Rs 768.37 lakhs and an open interest of 973 contracts.

Eicher Motors has outperformed its sector today, achieving a 1D return of 2.76%, compared to the sector's 1.05% and the Sensex's decline of 0.24%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a noted decline in investor participation, with delivery volume falling by 12.15% against the 5-day average. Overall, Eicher Motors continues to demonstrate solid performance metrics, reinforcing its position in the market.