HDFC Bank has emerged as one of the most active stock calls today amid notable options trading.

HDFC Bank Ltd., a prominent player in the private banking sector, has emerged as one of the most active stocks today, particularly in the options market. The bank's call options, set to expire on April 24, 2025, with a strike price of Rs 1800, saw significant trading activity, with 9,691 contracts exchanged, resulting in a turnover of approximately Rs 1,871.76 lakhs. The open interest for these options stands at 4,454 contracts, indicating a robust interest among traders.
Despite this activity, HDFC Bank's stock has underperformed relative to its sector, declining by 3.10% today, compared to a sector decline of 1.51%. The stock reached an intraday low of Rs 1769.25, reflecting a drop of 3.22%. Currently, the underlying value of HDFC Bank is Rs 1772.25, which remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.

Investor participation appears to be waning, with delivery volume decreasing by 3.23% compared to the 5-day average. Nevertheless, the stock maintains sufficient liquidity for trades, with a market cap of Rs 13,82,986.00 crore, affirming its large-cap status. Overall, HDFC Bank's current performance highlights a notable shift in market dynamics, warranting close observation.