Vodafone Idea Ltd. Sees 14,560 Active Call Contracts at Rs 8 Strike Price

Vodafone Idea Ltd., a prominent player in the telecommunication service provider industry, has emerged as one of the most active stocks today. The company, with a market capitalization of Rs 81,257.28 crore, has seen significant trading activity in its call options, particularly with an expiry date set for May 29, 2025. The call option, with a strike price of Rs 8, recorded a total of 14,560 contracts traded, resulting in a turnover of Rs 2,801.088 lakh and an open interest of 5,064 contracts.
Despite this activity, Vodafone Idea's stock has underperformed, declining by 5.42% today, which is notably worse than the sector's decline of 1.69% and the Sensex's drop of 0.79%. The stock has been on a downward trend, losing 6.24% over the past two days. Currently, the underlying value stands at Rs 7.59, with the stock trading above its 20-day moving average but below the 5-day, 50-day, 100-day, and 200-day moving averages.

Investor participation appears to be waning, as evidenced by a delivery volume of 12.63 crore on April 24, which has decreased by 22.16% compared to the 5-day average. Nevertheless, the stock remains liquid enough for trades sized at Rs 10.65 crore, indicating a continued interest in its trading activity. Overall, Vodafone Idea's current performance reflects a challenging environment amidst notable trading activity.