Tata Steel Ltd Sees Surge in Call Options: 10,819 Contracts at Rs 170 Strike

Tata Steel Ltd has emerged as one of the most active stocks in the ferrous metals industry today, reflecting significant trading activity in its options market. The company, with a market capitalization of Rs 2,00,760.08 crore, has seen a notable surge in call options, particularly with a strike price of Rs 170, set to expire on July 31, 2025. A total of 10,819 contracts were traded, generating a turnover of approximately Rs 493.89 lakh, while open interest stands at 6,346 contracts.
In terms of performance, Tata Steel has outperformed its sector by 0.42%, marking a consecutive gain over the last two days with a total return of 2.05%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the delivery volume reached 87.72 lakh shares on July 17, reflecting an increase of 11.41% compared to the 5-day average, which suggests rising investor participation.

Overall, Tata Steel's robust trading activity and positive performance metrics underscore its strong position in the market, highlighting the stock's current momentum without delving into future implications.