Eicher Motors Sees Surge in Call Options with 10,028 Contracts at Rs 5,500 Strike

Eicher Motors Ltd, a prominent player in the automobiles sector, has emerged as one of the most active stocks today, particularly in the options market. The company's call options, specifically with a strike price of Rs 5,500 and set to expire on June 26, 2025, have seen significant trading activity, with 10,028 contracts exchanged, resulting in a turnover of approximately Rs 891.44 lakhs. The open interest stands at 2,085 contracts, indicating a robust interest in these options.
In terms of performance metrics, Eicher Motors has outperformed its sector by 0.51% today, with a 1.76% return on the day, while the sector itself recorded a modest 0.70% gain. The stock has shown a positive trend, gaining for the last two consecutive days and achieving a total return of 2.2% during this period. Notably, Eicher Motors is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward momentum.

Additionally, the stock's delivery volume reached 412,000 shares on June 18, marking a 42.12% increase compared to the 5-day average, which underscores rising investor participation. With a market capitalization of Rs 1,50,509.63 crore, Eicher Motors continues to demonstrate liquidity suitable for trades around Rs 5.65 crore, solidifying its position in the market. Overall, Eicher Motors' current activity highlights its strong market presence and positive performance trends.