Tata Consumer Products Ltd Sees Surge with 8,169 Active Call Contracts at Rs 1,200 Strike

Tata Consumer Products Ltd has emerged as one of the most active stocks today, particularly in the options market. The company, operating within the Tea/Coffee industry, has seen significant trading activity in its call options, with 8,169 contracts traded for the expiry date of May 29, 2025, at a strike price of Rs 1,200. This activity has generated a turnover of approximately Rs 611.81 lakhs, while the open interest stands at 1,280 contracts, indicating a robust interest in this option.
The underlying stock, TATACONSUM, is currently valued at Rs 1,162.4. Today, it has performed inline with its sector, achieving a 1D return of 0.73%, compared to the sector's 0.65% and the Sensex's decline of 0.34%. Notably, Tata Consumer has been on a positive trajectory, gaining for the last ten consecutive days, with a total return of 10.41% during this period.

Despite touching an intraday low of Rs 1,098.3, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend. Additionally, the stock's liquidity is supported by a delivery volume of 800,000 shares on April 23, which is 43.85% higher than the 5-day average.

In summary, Tata Consumer Products Ltd continues to demonstrate notable activity and resilience in the market, underscoring its position as a significant player in the Tea/Coffee sector.