Bajaj Auto Ltd. Sees Surge with 11,282 Active Call Contracts at Rs 8,700 Strike

Bajaj Auto Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, BAJAJ-AUTO, saw significant activity with 11,282 call contracts traded, reflecting a turnover of approximately Rs 1,671.69 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 8,700. The open interest stands at 3,210 contracts, indicating a robust interest in this option.
In terms of price performance, Bajaj Auto's underlying value is currently at Rs 8,726. The stock's performance today aligns closely with its sector, showing a 1.06% return, while the sector itself reported a 1.22% increase. Notably, Bajaj Auto's moving averages are higher than the 5-day, 20-day, 50-day, and 100-day averages, although they remain below the 200-day moving average.

Despite a decline in investor participation, with delivery volume dropping by 36.43% compared to the 5-day average, the stock maintains sufficient liquidity for trades, with a size of Rs 7.27 crore based on 2% of the 5-day average traded value. Overall, Bajaj Auto continues to demonstrate notable activity in the market, reflecting its significant position within the large-cap segment of the automobile industry.