Torrent Power Ltd. Sees Surge in Call Option Activity with 3,174 Contracts Traded at Rs 1,300 Strike

Torrent Power Ltd. has emerged as one of the most active stocks today, particularly in the options market. The company, operating within the power industry, saw significant trading activity with 3,174 call contracts exchanged for an expiry date set for September 30, 2025, at a strike price of Rs 1,300. This activity contributed to a turnover of approximately Rs 389.81 lakhs, while the open interest stood at 980 contracts, indicating ongoing interest in this option.
The underlying stock, TORNTPOWER, closed at Rs 1,256.70, which is notably 4.63% away from its 52-week low of Rs 1,207.25. Today, the stock outperformed its sector by 1.92%, marking a trend reversal after three consecutive days of decline. It opened with a notable gain of 6.32% and reached an intraday high of Rs 1,311.90, reflecting a 6.89% increase.

Despite this positive movement, Torrent Power is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has experienced a decline in investor participation, with delivery volume dropping by 31.19% compared to the 5-day average. Nevertheless, it remains liquid enough for trades of Rs 1.28 crore, based on 2% of the 5-day average traded value. Overall, Torrent Power's activity today highlights a significant moment in its trading landscape.