Tata Consultancy Services Sees 6,353 Active Put Contracts at Rs 3,100 Strike Price

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 key player in the Computers - Software & Consulting industry, has seen significant trading activity with 6,353 put contracts exchanged, reflecting a turnover of approximately Rs 565.12 lakhs. The options have a strike price of Rs 3,100, coinciding with the underlying value of the stock.
As of today, TCS is trading close to its 52-week low, just 3.94% away from Rs 2,991.6. The stock has shown resilience by outperforming its sector by 0.46% and has gained after two consecutive days of decline. It has traded within a narrow range of Rs 17, indicating a period of consolidation.

In terms of moving averages, TCS is currently above its 5-day and 20-day averages but below the 50-day, 100-day, and 200-day averages, suggesting mixed momentum. The stock's liquidity remains robust, with a delivery volume of 11.25 lakhs, although this figure has decreased by 38.79% compared to the 5-day average.

Overall, TCS's performance today highlights notable activity in the options market, reflecting a complex interplay of market dynamics and investor behavior.