Surge in Mahindra & Mahindra Call Options: 9,183 Contracts Trade at Rs 2,900 Strike

Mahindra & Mahindra Ltd, a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks today. The company’s call options, expiring on April 24, 2025, have seen significant trading activity, with 9,183 contracts traded at a strike price of Rs 2,900. This has resulted in a turnover of approximately Rs 269.84 lakhs, while open interest stands at 2,553 contracts, reflecting robust market engagement.
Today, Mahindra & Mahindra's stock price reached an intraday high of Rs 2,900, marking a 2.94% increase. The stock has outperformed its sector by 0.3% and has shown a consistent upward trend, gaining 8.94% over the last four days. Notably, the stock's performance metrics indicate it is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Investor participation has also risen, with a delivery volume of 22.19 lakhs on April 22, reflecting a 14.98% increase compared to the 5-day average. The liquidity of the stock remains strong, accommodating a trade size of Rs 13.74 crore, based on 2% of the 5-day average traded value. Overall, Mahindra & Mahindra continues to demonstrate significant activity and resilience in the market.