Vedanta Ltd. Sees Surge in Call Options with 4,043 Contracts at Rs 440 Strike

Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks today, reflecting significant market engagement. The stock, trading under the symbol VEDL, has seen notable activity in its call options, with 4,043 contracts traded at a strike price of Rs 440, resulting in a turnover of approximately Rs 581.65 lakhs. The open interest stands at 1,541 contracts, indicating ongoing interest in this option.
Today, Vedanta's stock price reached an intraday high of Rs 441.7, marking a 2.34% increase. The stock has outperformed its sector by 0.82% and has shown a consistent upward trend, gaining 4.18% over the past three days. Currently, the underlying value is Rs 438.0, and the stock's performance metrics reveal it is above its 5-day, 20-day, and 100-day moving averages, although it remains below the 50-day and 200-day averages.

Despite a decline in delivery volume, which has fallen by 52.08% against the 5-day average, Vedanta maintains a high dividend yield of 11.94% at the current price. With a market capitalization of Rs 1,71,744.24 crore, Vedanta continues to be a significant entity in the large-cap segment. Overall, the stock's recent performance and trading activity highlight its active status in the market today.