Tata Elxsi Ltd. Sees Surge with 30,104 Active Call Contracts at Rs 5,500 Strike

Tata Elxsi Ltd., a prominent player in the IT software industry, has emerged as one of the most active stocks today, reflecting significant market engagement. The stock, trading under the ticker TATAELXSI, has seen a notable uptick, outperforming its sector by 6.78%.
Today, Tata Elxsi's call options with an expiry date of April 24, 2025, at a strike price of Rs 5,500, have garnered considerable attention, with 30,104 contracts traded and a turnover of Rs 1,168.37 lakhs. The underlying value of the stock stands at Rs 5,339.00, indicating robust trading activity. Open interest in these options is recorded at 2,380 contracts, suggesting ongoing interest among traders.

The stock has shown a trend reversal, gaining 8.10% after two consecutive days of decline, and reached an intraday high of Rs 5,396.50, marking a 10.12% increase. It has traded within a wide range of Rs 591.50 today. Additionally, the stock's performance metrics indicate it is currently above its 5-day and 20-day moving averages, although it remains below its longer-term moving averages.

Overall, Tata Elxsi's performance today highlights its active trading status and resilience in the market, reflecting a dynamic response to recent trends.