Persistent Systems Sees Surge in Call Options with 25,622 Contracts at Rs 5300 Strike

Persistent Systems Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment. The company, operating within the Computers - Software & Consulting industry, has seen significant trading activity in call options with expiry set for July 31, 2025. Notably, the call option with a strike price of Rs 5300 recorded the highest volume, with 25,622 contracts traded and a turnover of Rs 2,033.36 lakhs. This was closely followed by the Rs 5200 strike price option, which saw 20,751 contracts traded and a turnover of Rs 2,317.89 lakhs.
Despite this activity, Persistent Systems has underperformed, with a stock price decline of 8.26% today, significantly lagging behind its sector's 1.30% drop. The stock has been on a downward trend for three consecutive days, accumulating a total loss of 11.09%. The intraday low reached Rs 5086, reflecting a volatility of 6.02%. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.

With an underlying value of Rs 5229.5, Persistent Systems continues to attract attention in the options market, despite the recent performance challenges. The liquidity remains adequate for trades, with a delivery volume of 2.44 lakhs, although this has decreased by 16.34% compared to the 5-day average. Overall, the activity surrounding Persistent Systems highlights a complex interplay of trading dynamics amid a backdrop of declining stock performance.