Bajaj Auto Sees Surge 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 86,258 contracts, marking a notable rise of 10,061 contracts or 13.2% from the previous open interest of 76,197. This surge coincides with a robust trading volume of 222,877 contracts, indicating strong market engagement.
In terms of price performance, Bajaj Auto has outperformed its sector by 1.73%, with the stock gaining 3.66% on the day. Over the past six days, the stock has shown a consistent upward trend, accumulating a total return of 14.29%. The stock reached an intraday high of Rs 8,822, reflecting a 4% increase during the trading session.

Additionally, the stock's performance metrics reveal that it is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. The delivery volume has also seen a rise, with 2.11 lakh shares delivered on May 16, up 28.96% compared to the 5-day average. With a market capitalization of Rs 2,45,551.21 crore, Bajaj Auto continues to maintain a liquid trading environment, suitable for substantial trade sizes. Overall, the increase in open interest and positive price movements highlight the stock's active market presence today.