Eternal Ltd Sees Surge in Active Call Options with 3,442 Contracts at Rs 260 Strike

Eternal Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, ETERNAL, has seen a notable increase in call options, with 3,442 contracts traded at a strike price of Rs 260, resulting in a turnover of Rs 554.25 lakhs. The open interest stands at 3,462 contracts, indicating a robust interest in this option.
Today, Eternal Ltd outperformed its sector by 0.82%, marking its third consecutive day of gains, with an impressive return of 8.54% over this period. The stock has maintained a narrow trading range of Rs 2.24, showcasing stability amid market fluctuations. Currently, Eternal is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its performance metrics.

Despite a decline in delivery volume by 30.68% compared to the 5-day average, the stock remains liquid, with a trade size of Rs 81.47 crore based on 2% of the 5-day average traded value. With a market capitalization of Rs 2,48,872.89 crore, Eternal Ltd continues to solidify its position in the large-cap segment of the market. Overall, the activity surrounding Eternal Ltd today highlights its strong market presence and ongoing investor engagement.