Vedanta Ltd. Sees Surge in Call Options with 5,490 Contracts 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 5,490 call contracts traded, reflecting a turnover of approximately Rs 734.71 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 450. Open interest stands at 3,448 contracts, indicating ongoing interest in these options.
In terms of price performance, Vedanta's stock is currently valued at Rs 436.7, having touched an intraday low of Rs 436.35, which represents a decline of 3.39% for the day. The stock has underperformed its sector by 1.31%, while the broader Metal - Non Ferrous sector has seen a decrease of 2.11%. Despite this, Vedanta maintains a high dividend yield of 7.19% at the current price, which may attract income-focused investors.

The stock's liquidity remains robust, with a delivery volume of 34.63 lakhs on May 29, marking a 28.15% increase compared to the five-day average. Additionally, while the stock is trading above its 20-day, 50-day, and 100-day moving averages, it is below its 5-day and 200-day moving averages, suggesting mixed short-term trends. Overall, Vedanta Ltd. continues to be a focal point in the market, reflecting both challenges and opportunities within the current trading environment.