Surge in SRF Ltd.'s Put Options: 1,605 Contracts at Rs. 3,200 Strike Price

SRF Ltd., a prominent player in the specialty chemicals sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options, set to expire on July 31, 2025, have seen significant trading activity, with 1,605 contracts traded at a strike price of Rs. 3,200. This activity has generated a turnover of approximately Rs. 2.29 crore, while the open interest stands at 847 contracts, indicating ongoing interest in these options.
Today, SRF's underlying stock value is reported at Rs. 3,262.90, having reached a new 52-week high of Rs. 3,325 earlier in the session. However, the stock has underperformed its sector by 1.88%, reflecting a decline of 1.87% over the past two days. The stock's performance today shows a one-day return of -0.79%, contrasting with a slight gain of 0.20% in its sector and a marginal decline of 0.14% in the Sensex.

Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, SRF's stock is currently below its 5-day moving average. Additionally, there has been a noted decrease in investor participation, with delivery volume dropping by 10.28% compared to the 5-day average. Nevertheless, the stock remains liquid enough for trades of Rs. 2.33 crore, reflecting its market position as a large-cap entity with a market capitalization of Rs. 96,477.39 crore.

In summary, while SRF Ltd. has shown notable activity in the options market, the stock's recent performance indicates challenges in maintaining momentum amidst fluctuating investor interest.