Tata Elxsi Ltd. Sees Surge in Active Put Options with 15,841 Contracts Traded

Tata Elxsi Ltd., a prominent player in the IT software industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. With a notable expiry date set for April 24, 2025, the stock's put options at a strike price of Rs 5,000 have seen significant trading activity, with 15,841 contracts exchanged and a turnover of approximately Rs 515.15 lakhs. The open interest stands at 2,022 contracts, indicating a robust interest in these options.
In terms of performance, Tata Elxsi's underlying value is currently at Rs 5,341. The stock has shown a slight decline of 0.22% over the past day, aligning with sector trends. The weighted average price indicates that more volume has been traded closer to the low price, while the stock remains above its 5-day and 20-day moving averages but below its longer-term averages of 50, 100, and 200 days.

Investor participation has seen a notable increase, with delivery volume rising by 239.75% compared to the 5-day average. The stock's liquidity remains healthy, accommodating trades of up to Rs 8.57 crore based on 2% of the 5-day average traded value. Overall, Tata Elxsi's activity in the options market reflects a dynamic trading environment, underscoring its position within the large-cap IT sector.