Surge in Godrej Properties Call Options: 17,368 Contracts at Rs 2,200 Strike Price

Godrej Properties Ltd, a prominent player in the construction and real estate sector, has emerged as one of the most active stocks today. The company, with a market capitalization of Rs 66,471.50 crore, has seen significant trading activity in its call options, particularly for the expiry date of May 29, 2025. The call option with a strike price of Rs 2,200 recorded a notable 17,368 contracts traded, resulting in a turnover of approximately Rs 4,402.92 lakh. The open interest for this option stands at 1,398 contracts, indicating a robust interest among traders.
In terms of performance, Godrej Properties has outperformed its sector by 2.28% today, marking a consecutive gain over the last two days with a total return of 4.86%. The stock reached an intraday high of Rs 2,210.10, reflecting a 2.25% increase. Additionally, the stock's current value is Rs 2,139.40, which is above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Investor participation has also risen, with a delivery volume of 7.88 lakh shares on April 30, up 52.61% compared to the 5-day average. This liquidity suggests that the stock is suitable for trades around Rs 1.93 crore, reinforcing its active status in the market. Overall, Godrej Properties continues to demonstrate strong trading dynamics within the real estate sector.