Bajaj Finance Sees 13.85% 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 198,031 contracts, reflecting a rise of 24,085 contracts or 13.85% from the previous open interest of 173,946. This uptick coincides with a trading volume of 89,502 contracts, indicating active market participation.
In terms of price performance, Bajaj Finance reached a new 52-week high of Rs. 1,102.5 today. The stock has shown consistent upward momentum, gaining 6.85% over the past six days. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong technical position.

However, it is noteworthy that investor participation has declined, with delivery volume dropping to 4.89 lakh on October 21, marking a significant decrease of 90.01% compared to the 5-day average. Despite this, the stock remains liquid, with a trade size capacity of Rs. 15.06 crore based on 2% of the 5-day average traded value.

In summary, the notable increase in open interest for Bajaj Finance highlights active trading dynamics, while the stock's recent performance metrics reflect its strong market position within the NBFC sector.