Hero MotoCorp Sees 3,223 Call Contracts at Rs 5,450 Strike, Turnover Hits Rs 67.83 Lakh

Hero MotoCorp Ltd. has emerged as one of the most active stocks today, particularly in the options market. The company, operating within the midcap segment of the automobile industry, has seen significant trading activity in its call options. With an expiry date set for September 30, 2025, the call options at a strike price of Rs 5,450 have recorded 3,223 contracts traded, contributing to a turnover of Rs 67.83 lakhs. The open interest stands at 920 contracts, indicating a robust interest in this option.
In terms of performance, Hero MotoCorp has outperformed its sector by 1.31%, marking a notable trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 5,418.5, reflecting a gain of 2.23% for the day. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive momentum.

The stock's delivery volume surged to 67.04 lakhs on September 29, a staggering increase of 2,321.59% compared to the 5-day average. With a high dividend yield of 3.11% and sufficient liquidity for trades up to Rs 22.72 crore, Hero MotoCorp continues to demonstrate strong market activity and investor engagement. Overall, the developments surrounding Hero MotoCorp reflect a dynamic trading environment, underscoring its position in the market.