Tata Consultancy Services Ltd. Sees Surge in Call Options with 10,097 Contracts Traded

Tata Consultancy Services Ltd. (TCS), a prominent player in the IT software industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s call options, set to expire on April 24, 2025, with a strike price of Rs 3,300, saw significant activity, with 10,097 contracts traded and a turnover of Rs 320.85 lakhs. The open interest for these options stands at 6,573 contracts, indicating a robust interest among traders.
In terms of performance metrics, TCS has outperformed its sector by 0.85% today, despite experiencing a trend reversal after two consecutive days of gains. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish sentiment. Additionally, the stock's delivery volume has decreased significantly, falling by 55.28% compared to its 5-day average, with a current delivery volume of 14.75 lakhs.

With a market capitalization of Rs 11,77,144.77 crore, TCS maintains a high dividend yield of 3.79% at its current price, showcasing its financial stability. Overall, TCS continues to be a focal point in the market, driven by notable trading activity and key performance indicators.