IndusInd Bank Ltd. Sees Surge in Call Options with 26,017 Contracts Traded

IndusInd Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, reflecting significant market engagement. The stock, trading under the ticker INDUSINDBK, has seen a notable increase in activity with 26,017 call option contracts traded, resulting in a turnover of approximately Rs 32.80 crore. The options have an expiry date set for June 26, 2025, with a strike price of Rs 820, and an open interest of 8,724 contracts.
In terms of performance, IndusInd Bank has outperformed its sector by 0.7%, marking a consecutive gain over the last two days with a total return of 3.64% during this period. The stock's current value stands at Rs 824.0, which is higher than its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Investor participation has also risen, with a delivery volume of 37.21 lakh shares on June 6, reflecting a substantial increase of 78.94% compared to the 5-day average. The liquidity of the stock is robust, accommodating trade sizes of Rs 8.63 crore based on 2% of the 5-day average traded value. Overall, IndusInd Bank's recent performance and trading activity underscore its active presence in the market.