Mazagon Dock Sees 11,882 Call Contracts Traded at Rs 2,900 Strike Price

Mazagon Dock Shipbuilders Ltd, a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks today. The company, with a market capitalization of Rs 1,10,969.84 crore, has seen significant trading activity in its call options, particularly with an expiry date set for October 28, 2025. The call option with a strike price of Rs 2900 recorded a notable 11,882 contracts traded, resulting in a turnover of Rs 140.15 lakh and an open interest of 755 contracts.
In terms of price performance, Mazagon Dock's underlying value stands at Rs 2773.0. The stock has recently experienced a trend reversal, gaining after three consecutive days of decline. However, it has underperformed its sector by 0.29% today, with a narrow trading range of Rs 14.9. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Investor participation appears to be waning, as evidenced by a delivery volume of 2.59 lakh shares on October 30, reflecting a 36.16% decrease compared to the 5-day average. Despite these challenges, the stock remains liquid enough for trades sized at Rs 8.14 crore, suggesting ongoing interest in the market. Overall, Mazagon Dock's activity today highlights a complex interplay of trading dynamics within the Aerospace & Defense industry.