Eternal Ltd Sees 13,657 Call Contracts Traded at Rs 350 Strike Price

Eternal Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, ETERNAL, has seen significant trading activity, with 13,657 call contracts traded at a strike price of Rs 350, resulting in a turnover of approximately Rs 1,645.98 lakhs. The open interest stands at 8,710 contracts, indicating a robust interest in this option.
Despite this activity, Eternal has underperformed its sector by 0.48%, reflecting a challenging trading environment. The stock has experienced a consecutive decline over the past two days, with a total drop of 3.44%. Today, it opened down by 2.26% and reached an intraday low of Rs 333.75, marking a decrease of 4.05% from the previous close.

In terms of performance metrics, the stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, yet it remains below its 5-day moving average. Notably, there has been a rise in investor participation, with delivery volume increasing by 147.36% compared to the 5-day average. The liquidity of the stock remains favorable, supporting a trade size of Rs 26.24 crores.

In summary, while Eternal Ltd has seen heightened activity in its options market, the stock's recent performance reflects ongoing challenges within the broader market context.