Bajaj Finance Sees 4,697 Call Contracts Trade at Rs 1,020 Strike Price

Bajaj Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active stocks today, reflecting significant market engagement. The stock, trading under the ticker BAJFINANCE, has seen a notable surge in activity with 4,697 call contracts traded, resulting in a turnover of approximately Rs 1,003.98 lakhs. The current underlying value stands at Rs 1,023.4, positioning it just 0.98% away from its 52-week high of Rs 1,036.
In terms of performance, Bajaj Finance has outperformed its sector by 1.11%, marking a 1.44% increase in its stock price today. This follows a positive trend, as the stock has gained for three consecutive days, accumulating a total return of 3.87% during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum.

Despite a slight decline in delivery volume, which has decreased by 3.8% compared to the 5-day average, the stock remains liquid enough for substantial trades, with a liquidity threshold based on 2% of the 5-day average traded value at Rs 15.22 crore. With an open interest of 2,323 contracts, Bajaj Finance continues to attract attention in the market, reflecting its robust position within the large-cap segment, with a market capitalization of Rs 6,36,808.79 crore.