Tata Consultancy Services Ltd. Sees Surge in Call Options with 15,920 Contracts at 3100 Strike

Tata Consultancy Services Ltd. (TCS), a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s stock is currently trading at an underlying value of Rs 3128.9, which is approximately 4.12% away from its 52-week low of Rs 2991.6.
Today, TCS saw significant activity in call options with multiple strike prices. The most notable was the 3100 strike price, where 15,920 contracts were traded, resulting in a turnover of Rs 801.25 lakhs and an open interest of 8,393 contracts. Other active strike prices included 3120, 3140, and 3160, with contract trades of 11,932, 9,019, and 6,257 respectively, indicating robust trading interest.

The stock reached an intraday high of Rs 3121.7, reflecting a 2.22% increase. Performance metrics show that TCS is currently above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. The IT - Software sector has also shown positive movement, gaining 2.27% today.

Despite a decline in delivery volume, which fell by 62.85% against the 5-day average, TCS maintains a high dividend yield of 4.16% and sufficient liquidity for trading. Overall, the activity surrounding TCS highlights its significant presence in the market today, driven by notable trading volumes and sector performance.