Surge in Mahindra & Mahindra Call Options: 7,625 Contracts at Rs 3300 Strike Price

Mahindra & Mahindra Ltd, a prominent player in the automobiles sector, has emerged as one of the most active stocks today, reflecting significant trading activity. The stock, which closed at Rs 3295.0, is currently just 4.21% away from its 52-week high of Rs 3432.
Today, Mahindra & Mahindra saw a notable surge in option trading, with 7,625 call contracts traded at a strike price of Rs 3300, resulting in a turnover of Rs 1229.91 lakhs. The open interest stands at 2,853 contracts, indicating a robust interest in this option.

In terms of performance, the stock has outperformed its sector by 1.31% and has shown a trend reversal after four consecutive days of decline, with an intraday high of Rs 3302.1, marking a 3.21% increase. Additionally, the stock's performance metrics reveal that it is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average.

Investor participation has also increased, with a delivery volume of 17.5 lakhs on August 29, reflecting a 7.88% rise compared to the 5-day average. The stock's liquidity remains strong, accommodating a trade size of Rs 19.45 crore based on 2% of the 5-day average traded value.

In summary, Mahindra & Mahindra's active trading today highlights its significant market presence and the underlying trends in the automobile industry.