Eternal Ltd Sees Surge in Active Call Options with 22,273 Contracts Traded

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, saw significant activity with 22,273 call contracts traded, reflecting a turnover of Rs 1,512.60 lakhs. The options have an expiry date set for May 29, 2025, with a strike price of Rs 230 and an open interest of 4,935 contracts.
Despite the heightened trading activity, Eternal underperformed its sector by 5.51%, opening the day with a loss of 2%. The stock reached an intraday low of Rs 225.65, marking a decline of 5.01%. The weighted average price indicates that more volume was traded closer to this low price, suggesting a bearish sentiment among traders.

In terms of moving averages, Eternal is currently above its 50-day moving average but below the 5-day, 20-day, 100-day, and 200-day averages, indicating mixed performance trends. Additionally, the stock's delivery volume has decreased by 18.48% compared to its 5-day average, reflecting a decline in investor participation. With a market capitalization of Rs 2,19,342.82 crore, Eternal Ltd remains a significant entity in the large-cap space. Overall, the trading activity today highlights the stock's current challenges amid fluctuating market conditions.