Bajaj Finance Sees 12.4% Surge in Open Interest, Reaching 203,557 Contracts

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 203,557 contracts, reflecting a rise of 22,462 contracts or 12.4% from the previous open interest of 181,095. This surge in open interest comes alongside a trading volume of 105,667 contracts, indicating heightened activity in the stock.
In terms of price performance, Bajaj Finance is currently trading at Rs 1,081, just 1.77% away from its 52-week high of Rs 1,102.5. Despite this proximity to its peak, the stock has underperformed its sector by 0.85% today, marking a 1-day return of -0.46%. Over the past two days, the stock has seen a consecutive decline, totaling a drop of 0.99%.

Bajaj Finance continues to trade above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong underlying trend. Additionally, the stock's liquidity remains robust, with a delivery volume of 45.04 lakh on October 24, which is 7.71% higher than the 5-day average. Overall, the notable increase in open interest highlights a shift in market dynamics for Bajaj Finance, reflecting active trading conditions.