Godrej Properties Ltd Sees Surge with 20,720 Active Call Contracts at Rs 2,500 Strike

Godrej Properties Ltd, a prominent player in the realty sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying asset, GODREJPROP, saw significant activity with 20,720 call contracts traded, reflecting a turnover of approximately Rs 2,621.70 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 2,500. The open interest stands at 2,051 contracts, indicating ongoing interest in this option.
In terms of price performance, Godrej Properties is currently valued at Rs 2,468.00, which is slightly below the strike price. The stock has experienced a minor decline of 0.41% today, contrasting with a sector return of -0.11% and a Sensex return of 0.50%. Notably, the stock has shown a trend reversal after two consecutive days of gains. Its moving averages indicate that it is trading higher than the 5-day, 20-day, 50-day, and 100-day averages, yet remains below the 200-day moving average.

Investor participation has notably increased, with a delivery volume of 138,400 shares on June 6, marking a 132.37% rise compared to the 5-day average. The liquidity of the stock remains robust, accommodating a trade size of Rs 7.83 crore based on 2% of the 5-day average traded value. Overall, Godrej Properties continues to attract attention in the market, reflecting its significant position within the realty industry.