Hero MotoCorp Ltd. Sees Surge with 4,900 Active Call Contracts at Rs 5,300 Strike

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 5,235.00. Notably, there were 4,900 call contracts traded with a turnover of Rs 917.50 lakhs, indicating significant activity. The options have an expiry date set for September 30, 2025, with a strike price of Rs 5,300. Open interest stands at 2,609 contracts, reflecting ongoing interest in this option.
Despite the heightened trading activity, Hero MotoCorp has underperformed its sector by 0.5% today, with a 1-day return of -0.26%. The stock has been on a slight upward trend, gaining 0.52% over the last day. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive long-term trend. However, delivery volume has seen a significant decline of 53.83% compared to the 5-day average, indicating a drop in investor participation.

With a market capitalization of Rs 1,04,879.00 crore, Hero MotoCorp maintains a high dividend yield of 3.14%, and its liquidity remains robust, supporting trades of up to Rs 11.37 crore. Overall, the activity surrounding Hero MotoCorp reflects a complex interplay of trading dynamics and market performance.