Tata Communications Sees Surge in Call Option Activity with 34,762 Contracts Traded

Tata Communications Ltd, a prominent player in the Telecom Services industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, TATACOMM, is currently valued at Rs 1,765.20. Notably, a total of 34,762 call contracts were traded, generating a turnover of Rs 4,367.85 lakhs, while open interest stands at 2,706 contracts.
The stock has shown a slight decline of 0.14% over the past day, aligning closely with sector performance, which recorded a 0.33% increase. Tata Communications has been on a consecutive gain streak for one day, with a 1-day return of 0.24%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price performance.

Investor participation has notably increased, with a delivery volume of 8.25 lakhs on July 18, marking a remarkable rise of 272.34% compared to the 5-day average. The liquidity of Tata Communications remains robust, accommodating trade sizes of Rs 3.36 crore based on 2% of the 5-day average traded value.

In summary, Tata Communications continues to demonstrate active trading dynamics, supported by solid performance metrics and increased investor engagement.