Bajaj Finance Sees Significant Surge in Open Interest Amid Increased Trading Activity
Bajaj Finance Ltd has seen a notable rise in open interest, reaching 208,905 contracts, alongside a trading volume of 102,777 contracts. The stock has outperformed its sector and demonstrated consistent gains over the past four days, while maintaining strong liquidity and a significant market capitalization.
Bajaj Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant increase in open interest today. The latest open interest stands at 208,905 contracts, marking a notable rise of 19,905 contracts or 10.53% from the previous open interest of 189,000. This surge in open interest coincides with a trading volume of 102,777 contracts, indicating heightened activity in the stock.In terms of performance, Bajaj Finance has outperformed its sector by 0.47% today, with a 1D return of 0.98%. The stock has shown consistent gains over the past four days, accumulating a total return of 2.72% during this period. Furthermore, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend.
The liquidity of Bajaj Finance remains robust, with a delivery volume of 63.92 lakh shares on June 24, which is 37.23% higher than the 5-day average delivery volume. The market capitalization of the company is approximately Rs 5,73,827 crore, solidifying its position as a large-cap entity in the financial market. Overall, the increase in open interest and strong trading metrics highlight the active engagement surrounding Bajaj Finance in today's market.
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