Larsen & Toubro Ltd. Sees Surge in Call Options with 10,607 Contracts Traded

Larsen & Toubro Ltd., a prominent player in the construction industry, has emerged as one of the most active stocks today, reflecting significant market engagement. The stock, trading under the ticker LT, has seen notable activity in its call options, with 10,607 contracts traded for a strike price of Rs 3,700, resulting in a turnover of Rs 139.82 lakhs. The open interest stands at 5,806 contracts, indicating a robust interest in this option.
Today, Larsen & Toubro's stock price reached an intraday high of Rs 3,684, marking a 2.8% increase. The stock has outperformed its sector by 0.42%, with a 1D return of 2.18%, compared to the capital goods sector's 1D return of 2.08% and the Sensex's 0.92%. Furthermore, the stock is 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 119,200 shares on June 23, reflecting a 32.61% increase compared to the 5-day average. With a market capitalization of Rs 5,03,642.87 crore, Larsen & Toubro continues to demonstrate its liquidity, supporting a trade size of Rs 11.52 crore based on 2% of the 5-day average traded value. Overall, the activity surrounding Larsen & Toubro underscores its significant position in the market today.