HDFC Asset Management Sees Surge in Call Options: 8,114 Contracts at Rs 5600 Strike

HDFC Asset Management Company Ltd has emerged as one of the most active stocks in the capital markets today, reflecting significant trading activity in its call options. The company, which has a market capitalization of Rs 1,19,650.31 crore, saw notable movements in its options market with two key strike prices.
For the call option with a strike price of Rs 6000, 6,653 contracts were traded, generating a turnover of Rs 174.94 lakh, while open interest stood at 2,343 contracts. Similarly, the call option with a strike price of Rs 5600 recorded 8,114 contracts traded, resulting in a turnover of Rs 1414.15 lakh and an open interest of 1,908 contracts. The underlying value of HDFCAMC is currently at Rs 5,592.

In terms of stock performance, HDFC AMC reached a new 52-week and all-time high of Rs 5,626 today, outperforming its sector by 1.47%. The stock has shown a consistent upward trend, gaining 9.89% over the past four days. It also touched an intraday high of Rs 5,626, reflecting a 2.11% increase. HDFC AMC is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum.

With a delivery volume of 6.9 lakh shares on July 17, which is a 99.36% increase compared to the 5-day average, the stock demonstrates robust liquidity, suitable for trades of Rs 8.37 crore. Overall, HDFC Asset Management Company Ltd continues to show strong performance metrics and active trading dynamics in the market.