Bajaj Auto Sees 10.36% Rise in Open Interest Amid Increased Trading Activity

Bajaj Auto Ltd., a prominent player in the automobiles sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 78,114 contracts, marking a rise of 7,331 contracts or 10.36% from the previous open interest of 70,783. This surge coincides with a trading volume of 95,432 contracts, indicating robust market engagement.
In terms of performance, Bajaj Auto has outperformed its sector by 0.38%, recovering from two consecutive days of decline. The stock's current price is positioned above the 50-day, 100-day, and 200-day moving averages, yet remains below the 5-day and 20-day moving averages, suggesting a mixed trend in short-term performance. Notably, the delivery volume on October 1 reached 2.9 lakh shares, a substantial increase of 59.83% compared to the five-day average, highlighting rising investor participation.

With a market capitalization of Rs 2,42,591.08 crore, Bajaj Auto continues to maintain a liquid trading environment, suitable for transactions up to Rs 7.17 crore based on 2% of the five-day average traded value. Overall, the notable increase in open interest and trading volume underscores a dynamic trading landscape for Bajaj Auto.