Tech Mahindra Sees Surge in Call Options with 8,580 Contracts Traded at Rs 1,600 Strike

Tech Mahindra Ltd., 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 underlying stock, TECHM, has seen significant activity with 8,580 call contracts traded, reflecting a turnover of Rs 1,528.96 lakhs. The options have an expiry date set for July 31, 2025, with a strike price of Rs 1,600. Open interest stands at 3,118 contracts, indicating a robust interest in this option.
In terms of performance, Tech Mahindra's stock has underperformed its sector by 1.24%, with a day’s low of Rs 1,572.3, marking a decline of 2.21%. The stock is currently valued at Rs 1,587.1, which is higher than the 100-day moving average but lower than the 5-day, 20-day, 50-day, and 200-day moving averages. Notably, the stock has a high dividend yield of 4.53% at the current price, and liquidity remains strong, accommodating trade sizes of Rs 6.08 crore based on 2% of the 5-day average traded value.

Overall, Tech Mahindra's activity today highlights notable trends in options trading and stock performance, reflecting the dynamics within the large-cap segment of the market.