Bajaj Finance Sees 19.57% Surge in Open Interest, Reaching 207,995 Contracts
Bajaj Finance Ltd has seen a notable rise in open interest, reaching 207,995 contracts, alongside a trading volume of 122,182 contracts. The stock achieved a new 52-week high of Rs 1,102.50, despite a decline in delivery volume and underperformance relative to its sector.
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 207,995 contracts, marking a notable rise from the previous open interest of 173,946 contracts. This change of 34,049 contracts represents a 19.57% increase, indicating heightened activity in the derivatives market. The trading volume for Bajaj Finance reached 122,182 contracts, contributing to a futures value of approximately Rs 529,152.78 lakhs.In terms of price performance, Bajaj Finance hit a new 52-week high of Rs 1,102.50 today. Despite this achievement, the stock underperformed its sector by 0.26%. Over the past six days, Bajaj Finance has shown a consistent upward trend, gaining 6.69% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong technical position.
However, it is worth noting a decline in investor participation, with delivery volume dropping by 90.01% compared to the 5-day average. Overall, Bajaj Finance's performance today highlights a mix of strong open interest growth and fluctuating trading dynamics.
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