Eternal Ltd's Put Options Surge with 17,903 Contracts at Rs 260 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 activity in put options, with 17,903 contracts traded at a strike price of Rs 260. This activity has generated a turnover of approximately Rs 2,127.32 lakhs, while open interest stands at 3,353 contracts, indicating a robust interest in this option type.
Today, Eternal reached a new 52-week high of Rs 311.25, reflecting a remarkable performance that outpaced its sector by 12.73%. The stock has been on a consecutive gain streak, rising 19.13% over the last two days. It opened with a gap up of 7.84% and touched an intraday high of Rs 311.25, marking a 14.56% increase during the session.

Eternal Ltd is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a strong upward trend. The stock's liquidity remains favorable, with a delivery volume of 2.8 crore shares on July 21, reflecting an 81.32% increase compared to the 5-day average. With a market capitalization of Rs 2,61,718.00 crore, Eternal Ltd continues to solidify its position in the market. Overall, the activity surrounding the stock today highlights its dynamic presence in the financial landscape.