Larsen & Toubro Ltd. Sees Surge in Call Options, 8,037 Contracts at Rs 3,620 Strike

Larsen & Toubro Ltd. (LT), a prominent player in the construction industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, currently valued at Rs 3,639, has seen a notable increase of 4.45% in its one-day return, outperforming its sector, which gained 2.32%.
Among the most actively traded options, the call option with a strike price of Rs 3,620, expiring on July 31, 2025, recorded the highest number of contracts traded at 8,037, with a turnover of Rs 408.02 lakhs and an open interest of 1,347. Another noteworthy option is the call with a strike price of Rs 3,650, also expiring on July 31, 2025, which saw 5,922 contracts traded and a turnover of Rs 905.98 lakhs.

The stock opened with a gap up of 3.62% today and reached an intraday high of Rs 3,650, marking a 4.42% increase. Additionally, Larsen & Toubro has been on a positive trajectory, gaining 6.22% over the last two days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend.

In summary, Larsen & Toubro's robust trading activity and positive performance metrics highlight its significant position in the construction sector, reflecting a dynamic market environment.