Bajaj Finance Ltd Sees 1,760 Contracts in Active Rs 1020 Put Options Trade

Bajaj Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The stock, trading under the ticker BAJFINANCE, has seen significant activity with 1,760 contracts traded for puts with a strike price of Rs 1,020, reflecting a turnover of approximately Rs 275.04 lakhs. The open interest for these puts stands at 1,258 contracts, indicating a robust interest among traders.
Currently, Bajaj Finance is valued at Rs 1,022.5, just 0.98% shy of its 52-week high of Rs 1,036. The stock has outperformed its sector by 1.11% today and has shown a consistent upward trend, gaining 3.87% over the last three days. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong performance trajectory.

Despite a slight decline in delivery volume, which has decreased by 3.8% compared to the 5-day average, the stock remains liquid enough for trades, with a market cap of Rs 6,36,808.79 crore. The one-day return for Bajaj Finance is recorded at 1.44%, outperforming the sector's return of 0.58% and the Sensex's return of 0.23%. Overall, Bajaj Finance continues to demonstrate resilience and activity in the market, reflecting its strong position within the financial landscape.