Bajaj Auto Sees 13.16% Surge in Open Interest, Reaching 87,266 Contracts

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 87,266 contracts, marking an increase of 10,150 contracts or 13.16% from the previous open interest of 77,116. This surge coincides with a trading volume of 64,327 contracts, indicating robust market engagement.
In terms of financial metrics, Bajaj Auto's future value is reported at Rs 192,847.74 lakhs, while the options value is notably high at Rs 24,785,259.89 lakhs, contributing to a total value of Rs 194,684.82 lakhs. The underlying value of the stock is currently at Rs 9,055.

On the performance front, Bajaj Auto has outperformed its sector by 0.59% today, reversing a trend of four consecutive days of decline. The stock has traded within a narrow range of Rs 87, and while it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below the 5-day moving average. Notably, delivery volume has decreased by 3.18% compared to the 5-day average, indicating a slight decline in investor participation.

In summary, the notable increase in open interest for Bajaj Auto Ltd. highlights a shift in trading dynamics, with the stock showing resilience amidst recent fluctuations.