Mazagon Dock Shipbuilders Sees Surge in Call Options with 10,151 Contracts at Rs 3,400

Mazagon Dock Shipbuilders Ltd, a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks today. The company’s underlying stock, MAZDOCK, has seen significant trading activity, with 10,151 call contracts traded at a strike price of Rs 3,400, resulting in a turnover of approximately Rs 586.34 lakhs. The open interest stands at 5,592 contracts, indicating a robust interest in this option.
Today, Mazagon Dock's stock has outperformed its sector by 2.6%, reflecting a positive trend as it has gained 2.96% over the last two days. The stock reached an intraday high of Rs 3,330, marking a 2.26% increase for the day. Notably, the stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average.

Despite a decline in delivery volume, which fell by 36.32% compared to the 5-day average, the stock maintains sufficient liquidity for trading, with a trade size of Rs 26.04 crore based on 2% of the 5-day average traded value. With a market capitalization of Rs 1,32,889.51 crore, Mazagon Dock continues to be a significant entity in the market, reflecting its strong position within the Aerospace & Defense industry.