Vedanta Ltd. Sees 8,065 Call Contracts at Rs 500 Strike Price Traded Today

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 494.7. Notably, two call options with expiry dates set for October 28, 2025, have garnered attention. The option with a strike price of Rs 495 saw 4,997 contracts traded, resulting in a turnover of Rs 345.94 lakhs, while the option with a strike price of Rs 500 recorded 8,065 contracts traded and a turnover of Rs 369.14 lakhs.
The stock has shown a positive trend, gaining 4.35% over the last three days, with an intraday high of Rs 495.25, marking a 2.48% increase. Vedanta is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to its historical price movements. Additionally, the stock's liquidity remains robust, with a delivery volume of 66.49 lakhs on October 23, reflecting a 197.48% increase compared to the 5-day average.

In summary, Vedanta Ltd. continues to demonstrate notable activity in the market, supported by strong trading metrics and a favorable performance trajectory.