Bajaj Finance Sees Significant Surge in Open Interest Amid Increased Trading Activity

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 214,954 contracts, marking a notable rise of 25,954 contracts or 13.73% from the previous open interest of 189,000. This surge in open interest coincides with a trading volume of 123,700, indicating heightened activity in the stock.
In terms of performance, Bajaj Finance has outperformed its sector by 0.69% today, with a 1.15% return on the day. The stock has shown consistent gains over the past four days, accumulating a total return of 2.94% during this period. Additionally, Bajaj Finance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend.

The stock's liquidity 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. With a market capitalization of Rs 5,73,827 crore, Bajaj Finance continues to solidify its position in the financial market. Overall, the increase in open interest and positive performance metrics highlight the stock's active trading environment.