Vedanta Ltd. Sees Surge with 17,748 Active Call Options at Rs 450 Strike

Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, VEDL, saw significant activity with 17,748 call contracts traded, resulting in a turnover of Rs 1,224.61 lakhs. The options have an expiry date set for August 28, 2025, with a strike price of Rs 450. Open interest stands at 3,871 contracts, indicating ongoing interest in this option.
Despite the heightened trading activity, Vedanta's stock has underperformed its sector by 0.49%, with a 1-day return of -1.84%. This decline follows two consecutive days of gains, suggesting a potential trend reversal. However, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend.

Investor participation has notably increased, with a delivery volume of 59.36 lakhs on August 19, reflecting a 108.64% rise compared to the 5-day average. Additionally, Vedanta boasts a high dividend yield of 7.89% at its current price, and its liquidity remains robust, accommodating trades up to Rs 6.35 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 significant trading activity and solid fundamentals.