Tata Motors Sees 5,414 Contracts Traded in Rs. 400 Strike Price Puts

Tata Motors Ltd. has emerged as one of the most active stocks in the market today, particularly in the options segment, with a significant focus on put options. The company, operating in the large-cap automobile industry, saw 5,414 put contracts traded at a strike price of Rs. 400, resulting in a turnover of approximately Rs. 491.16 lakhs. The open interest for these puts stands at 1,446, indicating a notable level of activity.
Today, Tata Motors hit a new 52-week low of Rs. 376.3, reflecting a substantial decline of 43.05% at its intraday low. The stock has been on a downward trajectory, underperforming its sector by 28.8% and recording a staggering 42.52% loss over the past eight days. The stock opened with a significant gap down of 39.46%, and its performance today has been characterized by high volatility, with an intraday volatility of 6.15%.

In terms of liquidity, Tata Motors remains accessible for trading, with a delivery volume of 2.22 crore shares on October 13, marking a 211.98% increase against the five-day average. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further emphasizing its recent struggles.

In summary, Tata Motors' recent performance highlights a challenging period for the company, marked by significant declines and active trading in put options, reflecting the current market sentiment surrounding the stock.