Vedanta Ltd. Sees Surge in Active Put Options with 2,808 Contracts Traded at Rs 440

Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s underlying stock, VEDL, has seen significant activity with 2,808 put contracts traded, reflecting a turnover of approximately Rs 485.38 lakhs. The options have a strike price of Rs 440 and are set to expire on June 26, 2025, with an open interest of 1,223 contracts.
In terms of price performance, Vedanta Ltd. has underperformed its sector by 1.31%, with the stock hitting an intraday low of Rs 436.35, representing a decline of 3.39%. The weighted average price indicates that more volume was traded closer to this low price. While the stock is currently above its 20-day, 50-day, and 100-day moving averages, it remains below the 5-day and 200-day moving averages.

The broader Non-Ferrous Metals sector has also faced challenges, declining by 2.11%. Despite these headwinds, Vedanta boasts a high dividend yield of 7.19% at its current price, and liquidity remains robust, with a trading capacity of Rs 5.68 crore based on 2% of the 5-day average traded value. The stock's one-day return stands at -3.30%, while the sector and Sensex have returned -1.96% and -0.39%, respectively. Overall, Vedanta Ltd. continues to navigate a challenging market environment while maintaining a solid market presence.