Mazagon Dock Sees 6,544 Put Contracts at Rs 2,800 Strike Price Amid Bearish Trend

Mazagon Dock Shipbuilders Ltd, a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The underlying stock, MAZDOCK, has seen significant activity with 6,544 contracts traded, reflecting a turnover of approximately Rs 136.05 lakhs. The put options have a strike price of Rs 2,800 and are set to expire on October 28, 2025. The current underlying value stands at Rs 2,785.7, indicating a slight underperformance of -0.29% compared to the sector.
Today marks a notable trend reversal for Mazagon Dock, as the stock has gained after three consecutive days of decline. However, it has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging market position. The stock has exhibited a narrow trading range of Rs 14.9, and investor participation appears to be waning, with a delivery volume of 2.59 lakhs, down 36.16% from the 5-day average.

Despite these challenges, the stock recorded a one-day return of 0.37%, outperforming the sector's return of 0.34% and the Sensex's return of 0.23%. With a market capitalization of Rs 1,10,651.00 crore, Mazagon Dock remains a significant entity in its industry, navigating through current market dynamics.