Mahindra & Mahindra has emerged as one of the most active stock puts today amid notable options trading.

Mahindra & Mahindra Ltd, a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks in the market today, particularly in the options space. The company’s put options, set to expire on March 27, 2025, have seen significant activity, with 6,954 contracts traded at a strike price of Rs 2,700. This activity has generated a premium turnover of approximately Rs 33.76 crore, while open interest stands at 3,209 contracts, indicating a robust interest in these options.
Today, Mahindra & Mahindra's stock has outperformed its sector by 1%, reflecting a positive trend as it has gained 5.21% over the last two days. The stock reached an intraday high of Rs 2,782.85, marking a 2.87% increase. While the stock is currently trading above its 5-day and 20-day moving averages, it remains below its longer-term moving averages, including the 50-day, 100-day, and 200-day averages.

Despite a decline in investor participation, with delivery volume dropping by 26.32% compared to the 5-day average, the stock maintains sufficient liquidity for trades, with a market cap of Rs 3,45,806.71 crore. The one-day return for Mahindra & Mahindra stands at 2.80%, compared to a sector return of 1.81% and a Sensex return of 1.16%. Overall, the activity surrounding Mahindra & Mahindra's puts highlights the stock's current market dynamics without delving into future implications.