Vedanta Ltd. Sees Surge with 17,491 Active Call Contracts at Rs 480 Strike

Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, VEDL, has seen a notable surge, with 17,491 call contracts traded, resulting in a turnover of approximately Rs 1,213.05 lakhs. The options set to expire on June 26, 2025, have a strike price of Rs 480, while the underlying value currently stands at Rs 467.05, indicating a robust interest in the stock.
Today, Vedanta outperformed its sector by 3.43%, continuing a positive trend with a consecutive gain over the past seven days, yielding an impressive 8.08% return during this period. The stock reached an intraday high of Rs 472.95, reflecting a 2.47% increase. Furthermore, Vedanta is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing strong momentum.

Despite the broader Non-Ferrous Metals sector declining by 2.28%, Vedanta's delivery volume has increased by 1.83% compared to its 5-day average, indicating rising investor participation. The stock also boasts a high dividend yield of 7.04%, enhancing its appeal in the current market landscape. Overall, Vedanta's performance metrics highlight its resilience and active engagement in the market.