Tata Consultancy Services Ltd. Sees 3,307 Put Contracts Trade at Rs 3,000 Strike

Tata Consultancy Services Ltd. (TCS) has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, a prominent player in the Computers - Software & Consulting industry, has seen significant activity with 3,307 put contracts traded at a strike price of Rs 3,000, resulting in a turnover of approximately Rs 241.57 lakhs. The underlying value of TCS is currently at Rs 3,004.20, just 4.89% away from its 52-week low of Rs 2,866.60.
Despite this activity, TCS has underperformed its sector by 0.4% today, with a narrow trading range of Rs 17.2. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Additionally, investor participation has decreased, with delivery volume falling by 22.66% compared to the 5-day average.

With an open interest of 9,365 contracts, TCS maintains a high dividend yield of 4.22% at the current price, reflecting its stable financial position. The stock's one-day return stands at 0.09%, while the sector and Sensex have reported returns of 0.50% and 0.12%, respectively. Overall, TCS's current market dynamics highlight a complex interplay of trading activity and performance metrics.