IIFL Finance Ltd Sees Surge in Put Option Activity with 4,995 Contracts at Rs 470

IIFL Finance Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment, with a significant focus on put options. The company, operating within the Non-Banking Financial Company (NBFC) sector, has seen a notable trading volume in its put options, with 4,995 contracts traded at a strike price of Rs 470. The turnover for these options reached approximately Rs 641.80 lakhs, while the open interest stands at 1,323 contracts, indicating a robust interest in this option type.
Today, IIFL Finance's underlying stock value is reported at Rs 489.25, reflecting a one-day return of 2.53%, outperforming its sector, which only saw a return of 0.06%. The stock touched an intraday high of Rs 494.75, marking a 2.79% increase. Additionally, IIFL Finance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Despite a decline in delivery volume, which fell by 31.92% against the 5-day average, the stock remains liquid, with a trade size of Rs 3.96 crore based on 2% of the 5-day average traded value. As a large-cap company with a market capitalization of Rs 20,966.83 crore, IIFL Finance continues to attract attention in the financial markets.