Mahindra & Mahindra Ltd Sees Surge in Active Call Options with 8,019 Contracts at Rs 3600

Mahindra & Mahindra Ltd (M&M), a prominent player in the automobiles sector, has emerged as one of the most active stocks today, showcasing significant trading activity in its call options. The stock's underlying value is currently at Rs 3631.4, with notable call options expiring on September 30, 2025.
Among the most actively traded options, the call with a strike price of Rs 3600 saw 8,019 contracts traded, generating a turnover of approximately Rs 1,629.3 lakhs, while the Rs 3650 strike price option recorded 5,042 contracts traded and a turnover of Rs 780.4 lakhs. The Rs 3700 strike price option also attracted attention, with 5,702 contracts traded and a turnover of Rs 638.7 lakhs. Open interest for these options stands at 5,137, 1,267, and 3,460 respectively.

Today, M&M reached a new 52-week and all-time high of Rs 3638.4, reflecting a 2.16% increase. The stock has outperformed its sector by 0.82% and has shown a consistent upward trend, gaining 12.41% over the past four days. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there has been a decline in investor participation, with delivery volume dropping by 23.96% compared to the 5-day average. Overall, M&M's performance today highlights its robust market position within the large-cap segment of the automobile industry.