Tata Consultancy Services Ltd. Sees 12,449 Active Call Options at Rs 3,400 Strike

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 saw significant activity in call options with an expiry date set for April 24, 2025. The strike price for these options is Rs 3,400, with a total of 12,449 contracts traded, resulting in a turnover of approximately Rs 290.36 lakhs. The open interest stands at 4,353 contracts, indicating ongoing interest in this option.
In terms of performance, TCS's underlying value is currently at Rs 3,384.90. Despite this activity, the stock has underperformed its sector by 0.73%, while the broader IT software sector has gained 3.11%. TCS reached an intraday high of Rs 3,398, reflecting a 2.52% increase for the day. However, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, although it is higher than its 5-day moving average.

Investor participation appears to be declining, with a delivery volume of 172,800 shares on April 22, down 22.25% compared to the 5-day average. The stock also boasts a high dividend yield of 3.74%, and its liquidity remains robust, accommodating trades of up to Rs 16.06 crore based on 2% of the 5-day average traded value. Overall, TCS's activity today highlights a complex interplay of market dynamics within the IT sector.