Vedanta Ltd. Sees Surge with 5,296 Active Call Options at Rs 470 Strike Price

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 asset, VEDL, saw significant activity with 5,296 call contracts traded, resulting in a turnover of approximately Rs 528.32 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 470. Currently, the underlying value stands at Rs 464.05, indicating a close proximity to the strike price.
Despite the notable trading volume, Vedanta has underperformed its sector by 1.21% today, while the broader Metal - Non Ferrous sector has gained 2.47%. However, Vedanta has shown resilience with a consecutive gain over the last six days, accumulating a total return of 7.53% during this period. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend.

Additionally, the stock's liquidity remains robust, with a delivery volume of 42.01 lakhs on June 9, marking a 13.6% increase compared to the 5-day average. With a high dividend yield of 7.1%, Vedanta continues to maintain a solid market position within its industry. Overall, the activity surrounding Vedanta underscores its significance in the current market landscape.