Tata Consultancy Services Ltd. Sees Surge in Put Options with 12,425 Contracts at Rs 3060

Tata Consultancy Services Ltd. (TCS), a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s stock is currently valued at Rs 3054.7, which is approximately 4.12% away from its 52-week low of Rs 2991.6.
Today, TCS saw significant activity in its put options, with 12,425 contracts traded at a strike price of Rs 3060, resulting in a turnover of Rs 465.1 lakhs. Additionally, 14,010 contracts were traded for the Rs 3000 strike price, contributing a turnover of Rs 130.7 lakhs. The open interest for these puts stands at 2,356 and 5,114, respectively, indicating a robust interest in these options.

In terms of performance, TCS experienced a 2.26% return today, aligning closely with the sector's performance, which gained 2.27%. The stock reached an intraday high of Rs 3121.7, reflecting positive movement despite falling investor participation, with delivery volume dropping by 62.85% compared to the five-day average.

Overall, TCS continues to demonstrate liquidity, with a trading capacity of Rs 19.44 crore based on recent averages, while its moving averages indicate a mixed trend. The current high dividend yield of 4.16% further underscores the stock's appeal in the market.