Tata Chemicals Ltd. Sees Surge in Call Options with 11,819 Contracts at Rs 1000 Strike

Tata Chemicals Ltd. has emerged as one of the most active stocks today in the commodity chemicals sector, showcasing significant trading activity in its call options. The stock, which has a market capitalization of Rs 24,925 crore, is currently valued at Rs 987.7.
Notably, the call option with a strike price of Rs 1000 saw the highest activity, with 11,819 contracts traded and a turnover of Rs 711.39 lakh. This was closely followed by the Rs 980 strike price option, which recorded 9,647 contracts and a turnover of Rs 949.36 lakh. The Rs 990 strike price option also demonstrated robust trading, with 7,937 contracts and a turnover of Rs 648.49 lakh.

Today, Tata Chemicals outperformed its sector by 6.23%, marking a trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 993.5, reflecting a gain of 6.33%. Furthermore, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. However, it is worth noting that delivery volume has decreased significantly, falling by 48.97% compared to the 5-day average.

In summary, Tata Chemicals Ltd. is experiencing heightened trading activity, particularly in its call options, while demonstrating resilience in its stock performance amidst fluctuating investor participation.