Vedanta Ltd. Sees Surge in Active Call Options with 16,585 Contracts Traded at Rs 420

Vedanta Ltd., a prominent player in the non-ferrous metal industry, has emerged as one of the most active stocks today, reflecting significant trading activity. The company, with a market capitalization of Rs 1,63,141.39 crore, has seen a notable surge in options trading, particularly in call options with an expiry date set for May 29, 2025. The strike price for these options is Rs 420, with 16,585 contracts traded, resulting in a turnover of approximately Rs 3,240.46 lakh. The open interest stands at 4,084 contracts, indicating ongoing interest in this stock.
In terms of performance metrics, Vedanta's stock has underperformed its sector by 0.79% today, following a trend reversal after three consecutive days of gains. The stock's current value is Rs 417.2, which is higher than the 20-day moving average but lower than the 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 56.77 lakh shares on April 30, reflecting a 23.56% increase compared to the 5-day average.

Despite a 1-day return of -0.48%, Vedanta maintains a high dividend yield of 10.25% at the current price, and its liquidity remains robust, accommodating trades of up to Rs 4.91 crore based on 2% of the 5-day average traded value. Overall, Vedanta Ltd. continues to be a focal point in the market, driven by its active trading and significant financial metrics.