Hindalco's Rs 800 Puts Surge with 2,909 Contracts Traded Amid Stock Rally

Hindalco Industries Ltd, a prominent player in the Non-Ferrous Metals sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options, set to expire on October 28, 2025, have seen significant activity, with 2,909 contracts traded at a strike price of Rs 800. This has resulted in a turnover of approximately Rs 151.91 lakhs and an open interest of 770 contracts, indicating a robust interest in this option type.
Today, Hindalco's stock reached a new 52-week and all-time high of Rs 824.65, reflecting a 4.07% increase during the trading session. The stock opened with a gain of 2.39% and has shown a consecutive gain over the last two days, accumulating a total return of 4.83%. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Investor participation has also risen, with a delivery volume of 35.15 lakhs on October 23, marking a 46.66% increase compared to the 5-day average. The liquidity of Hindalco's stock remains favorable, supporting trades of up to Rs 6.21 crore based on 2% of the 5-day average traded value. Overall, Hindalco Industries continues to demonstrate strong performance metrics within its sector.