Hero MotoCorp Ltd. Sees Surge with 8,490 Active Call Contracts at Rs 5,200 Strike

Hero MotoCorp Ltd., a prominent player in the midcap automobile sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, HEROMOTOCO, has seen significant trading activity with 8,490 call contracts exchanged, reflecting a turnover of Rs 1,776.53 lakhs. The options have an expiry date set for September 30, 2025, with a strike price of Rs 5,200. Currently, the underlying value stands at Rs 5,242.
In terms of performance metrics, Hero MotoCorp has outperformed its sector by 0.33%, with the stock reaching an intraday high of Rs 5,245, marking a 3.09% increase. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is noteworthy that the delivery volume has decreased by 33.27% compared to the 5-day average, with a current delivery volume of 4.52 lakhs.

The automobile sector, particularly the two and three-wheelers segment, has gained by 2.9% today, while Hero MotoCorp boasts a high dividend yield of 3.24%. With a market capitalization of Rs 1,02,728.00 crore, the stock remains liquid enough for trades sized at Rs 12.75 crore, based on 2% of the 5-day average traded value. Overall, Hero MotoCorp's activity today highlights its robust market position and performance within the automobile industry.