Vedanta Ltd. Sees Surge in Call Options with 7,507 Contracts at Rs 470 Strike

Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, VEDL, is currently valued at Rs 473.00, showing a robust performance as it outperformed its sector by 1.03%.
Today, Vedanta's call options with a strike price of Rs 470 saw a notable trading volume of 7,507 contracts, contributing to a turnover of approximately Rs 1,396.16 lakhs. The open interest for these options stands at 2,351 contracts, indicating a healthy level of investor engagement.

In terms of performance metrics, Vedanta has demonstrated a consecutive gain over the last two days, with a total return of 2.16%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the stock's delivery volume of 60.6 lakhs on July 1 has increased by 1.56% compared to the 5-day average, further highlighting rising investor participation.

With a market capitalization of Rs 1,83,768.69 crore, Vedanta also boasts a high dividend yield of 8.48%, reinforcing its position in the market. Overall, the activity surrounding Vedanta today underscores its significant presence in the financial landscape.