Surge in Call Option Activity for Mahindra & Mahindra at Rs 3,100 Strike Price

Mahindra & Mahindra Ltd, a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks today. The company, with a market capitalization of Rs 3,85,108.44 crore, has seen significant trading activity in its call options, particularly for contracts expiring on May 29, 2025. The strike price for these options is set at Rs 3,100, with a total of 7,699 contracts traded, resulting in a turnover of approximately Rs 1,197.38 lakh. The open interest stands at 4,561 contracts, indicating a robust interest in these options.
In terms of performance, Mahindra & Mahindra has underperformed its sector by 0.48% today, although it has shown a positive trend over the past three days, gaining 5.78% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward momentum. Additionally, the stock's delivery volume of 17.32 lakh shares on May 6 has increased by 22.14% compared to the 5-day average, suggesting rising investor participation.

In summary, Mahindra & Mahindra's notable trading activity and performance metrics highlight its current market position, making it a focal point for investors today.