Tata Consultancy Services Sees 5,234 Calls at Rs 3100 Strike Amid High Open Interest

Tata Consultancy Services Ltd. (TCS), a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks today. The company’s call options, particularly with a strike price of Rs 3100, have seen significant trading activity, with 5,234 contracts exchanged, resulting in a turnover of Rs 154.34 lakhs. The open interest stands at 19,845 contracts, indicating a robust interest in this option ahead of its expiry on October 28, 2025.
Currently, TCS is trading at an underlying value of Rs 3006.0, which places it 4.89% away from its 52-week low of Rs 2866.6. The stock has underperformed its sector by 0.4% today, with a narrow trading range of Rs 17.2. It has been noted that TCS is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a downward trend in its performance metrics.

Additionally, the stock's delivery volume has decreased by 22.66% compared to the 5-day average, suggesting a decline in investor participation. Despite these challenges, TCS maintains a high dividend yield of 4.22%, and its liquidity remains adequate for trades of Rs 28.28 crore based on 2% of the 5-day average traded value. Overall, TCS's current activity highlights the ongoing dynamics within the stock, reflecting both its market position and recent performance trends.