Bajaj Finance Sees Surge in Call Option Activity with 11,157 Contracts Traded

Bajaj Finance Ltd, a prominent player in the Finance/NBFC sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, BAJFINANCE, saw significant activity with 11,157 call contracts traded, reflecting a turnover of approximately Rs 1,399.14 lakhs. The options have an expiry date set for April 24, 2025, with a strike price of Rs 9,000 and an open interest of 4,316 contracts.
Despite this activity, Bajaj Finance has underperformed its sector by 0.88% today, continuing a downward trend with a cumulative decline of 4.44% over the past four days. The stock reached an intraday low of Rs 8,460.20, marking a decrease of 2.41%. While the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, indicating mixed short-term performance.

Investor participation has also waned, with delivery volume dropping by 53.41% compared to the 5-day average. Nevertheless, the stock maintains sufficient liquidity for trades, with a market cap of Rs 5,32,649.33 crore, positioning it firmly within the large-cap category. Overall, the activity surrounding Bajaj Finance reflects a complex interplay of market dynamics amid a challenging performance backdrop.