Mazagon Dock's Rs 2,900 Call Options Hit 11,882 Contracts Amid Price Decline

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 11,882 call contracts exchanged, resulting in a turnover of approximately Rs 140.15 lakhs. The options, set to expire on October 28, 2025, have a strike price of Rs 2,900, while the underlying value currently stands at Rs 2,773.
Despite the heightened trading volume, Mazagon Dock has underperformed its sector by 1.22% today, marking a consecutive decline over the past two days with a total drop of 1.91%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with a delivery volume of 9.08 lakhs on October 28, reflecting a 403.63% rise compared to the 5-day average.

With a market capitalization of Rs 1,12,164.00 crore, Mazagon Dock remains a liquid stock, suitable for trades around Rs 6.57 crore based on 2% of its 5-day average traded value. Overall, the stock's recent performance highlights a complex interplay of increased trading activity amid a downward price trend.