Mahindra & Mahindra Ltd Sees Surge in Active Call Options with 10,691 Contracts Traded

Mahindra & Mahindra Ltd, a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks today. The company’s call options, set to expire on May 29, 2025, have seen significant trading activity, with 10,691 contracts exchanged at a turnover of approximately Rs 2,053.77 lakhs. The options have a strike price of Rs 3,000, while the underlying stock is currently valued at Rs 2,969.30.
Despite the notable activity, Mahindra & Mahindra underperformed its sector by 0.96% today, although it has shown resilience with a consecutive gain over the last two days, yielding a total return of 2.09%. The stock reached an intraday high of Rs 3,000, reflecting a 2.43% increase during the trading session.

In terms of performance metrics, Mahindra & Mahindra is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The Automobiles - Passenger Cars sector itself has gained 2.07%, while the stock's delivery volume has increased by 18.73% compared to its 5-day average, suggesting rising investor participation.

Overall, Mahindra & Mahindra's activity today highlights its position within the market, characterized by robust trading volumes and a solid performance relative to its moving averages.