Vedanta Ltd. Sees 5,530 Active Call Contracts at Rs 460 Strike Price

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 a notable uptick in activity with 5,530 call contracts traded, generating a turnover of approximately Rs 651.85 lakhs. The options have an expiry date set for September 30, 2025, with a strike price of Rs 460.
Currently, Vedanta's underlying value stands at Rs 455.85, and the stock has outperformed its sector by 1.01%. Over the past four days, Vedanta has shown a consistent upward trend, accumulating returns of 5.55%. Today, the stock reached an intraday high of Rs 460.9, marking a 2.22% increase.

In terms of liquidity, Vedanta demonstrates robust trading activity, with a delivery volume of 89.85 lakhs on September 12, reflecting an 88.64% increase compared to the five-day average. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trajectory. With a market capitalization of Rs 1,76,339 crore, Vedanta continues to maintain a high dividend yield of 6.99%, underscoring its solid position in the market. Overall, the activity surrounding Vedanta Ltd. highlights its significant role in the current trading landscape.