Mahindra & Mahindra has emerged as one of the most active stock puts today amid market fluctuations.

Mahindra & Mahindra Ltd, a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s stock, currently valued at Rs 2661.15, has seen significant activity with two notable put options set to expire on April 24, 2025.
The put option with a strike price of Rs 2700 recorded 4,460 contracts traded, generating a turnover of approximately Rs 728.27 lakhs, while the Rs 2600 strike price option saw 4,645 contracts traded, contributing around Rs 432.95 lakhs to the turnover. Open interest for these options stands at 1,536 and 1,517 contracts, respectively, indicating a robust interest in these positions.

Despite outperforming its sector by 0.63% today, Mahindra & Mahindra has faced challenges, with the stock declining for three consecutive days, resulting in a total return of -3.07% during this period. The stock reached an intraday high of Rs 2728, reflecting a 2.33% increase at one point. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a trend reversal.

Investor participation has seen a rise, with a delivery volume of 36.8 lakhs on March 28, up 50.63% compared to the 5-day average. The stock remains liquid, with a trade size of Rs 25.51 crore based on 2% of the 5-day average traded value. Overall, Mahindra & Mahindra's recent performance and option activity reflect a complex market position as it navigates current trends.