Hero MotoCorp Sees 4,088 Call Contracts at Rs 5,500 Strike Amid Price Decline

Hero MotoCorp Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, HEROMOTOCO, is currently valued at Rs 5,400. Notably, there were 4,088 call contracts traded with a turnover of Rs 799.12 lakhs, indicating significant market activity. The options have an expiry date set for October 28, 2025, with a strike price of Rs 5,500 and an open interest of 2,536 contracts.
In terms of performance, Hero MotoCorp has outperformed its sector by 0.37%, despite experiencing a consecutive decline over the past two days, resulting in a total drop of 1.42%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong position relative to its historical performance. However, it is worth noting that investor participation has decreased, with delivery volume falling by 74.43% compared to the 5-day average.

With a market capitalization of Rs 1,08,715 crore, Hero MotoCorp maintains a high dividend yield of 3.04%, reflecting its ongoing commitment to shareholder returns. Overall, the stock's activity today highlights its liquidity and market engagement, underscoring its significance within the mid-cap segment of the automobile industry.