Surge in Tata Elxsi Ltd. Put Options: 4,320 Contracts Traded at Rs 4,800 Strike

Tata Elxsi Ltd., a prominent player in the IT software industry, has emerged as one of the most active stocks in the market today, particularly in the options segment. The company’s put options, set to expire on April 24, 2025, have seen significant trading activity, with 4,320 contracts exchanged at a turnover of Rs 172.05 lakhs. The put option has a strike price of Rs 4,800, while the underlying stock is currently valued at Rs 5,105.
Today, Tata Elxsi outperformed its sector by 2.43%, marking a notable trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 5,080.5, reflecting a gain of 3.67%. Despite this positive movement, the stock remains below its 20-day, 50-day, 100-day, and 200-day moving averages, although it is above the 5-day moving average.

Investor participation has also increased, with a delivery volume of 1.12 lakhs on April 17, up 23.77% compared to the five-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs 2.61 crores based on 2% of the five-day average traded value. Overall, Tata Elxsi's performance today highlights its active engagement in the market, reflecting both trading dynamics and investor interest.