HDFC Bank Ltd. Sees 55,330 Active Call Contracts at Rs 1,980 Strike Price

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, HDFCBANK, has seen significant activity with 55,330 call contracts traded, resulting in a turnover of approximately Rs 1,381.59 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 1,980, while the underlying value currently stands at Rs 1,963.70.
In terms of performance, HDFC Bank is just 1.02% away from its 52-week high of Rs 1,996.30 and has outperformed its sector by 0.42%. The stock has shown consistent gains over the past two days, accumulating a return of 1.43%. Despite trading within a narrow range of Rs 14.1 today, HDFC Bank remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, it is worth noting that investor participation has seen a decline, with delivery volume dropping by 19.87% compared to the 5-day average. Nevertheless, the stock maintains sufficient liquidity for trades, with a market cap of Rs 15,03,294.00 crore, solidifying its position as a large-cap entity in the market. Overall, HDFC Bank's current activity reflects a robust performance amidst fluctuating investor engagement.