Bajaj Finance Sees Surge in Active Call Options with 2,192 Contracts Traded

Bajaj Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying asset, BAJFINANCE, saw significant activity with 2,192 call contracts traded, resulting in a turnover of approximately Rs 218.55 lakhs. The options have an expiry date set for July 31, 2025, with a strike price of Rs 950, while the underlying value currently stands at Rs 908.5.
Despite this activity, Bajaj Finance has underperformed its sector by 1.12% today, reflecting a broader trend as the stock has experienced a consecutive decline over the past two days, totaling a drop of 2.86%. The stock's performance metrics indicate it is currently trading above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages, suggesting mixed short-term momentum.

Investor participation appears to be waning, with a delivery volume of 65.82 lakhs on July 2, down 1.29% compared to the 5-day average. The stock remains liquid enough for trades, with a size of Rs 21.13 crore based on 2% of the 5-day average traded value. Overall, Bajaj Finance continues to navigate a challenging market environment while maintaining a significant presence in the financial sector.